Micro credit is the lending of small amounts of money at low interest rates to new businesses, generally in the developing world.

Name: Micro credit is the lending of small amounts of money at low interest rates to new businesses, generally in the developing world.
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Micro credit is a type of financial service that provides small loans to individuals who lack collateral, credit history, or steady employment. It is mostly used to support entrepreneurship and alleviate poverty in developing countries.

Micro Credit Is the Lending of Small Amounts of Money