One recent innovation to help alleviate poverty in poorer countries through small loans to small businesses is known as
A) macrofinance.
B) microcredit.
C) structural loans.
D) flexible funding.

Question

Quizplus · Accepted Answer

Microcredit is the innovative approach that provides small loans to small businesses in poorer countries to help alleviate poverty. Macrofinance refers to larger-scale financial services for government or corporate clients, while structural loans and flexible funding are not specific to poverty alleviation through small business loans.

One Recent Innovation to Help Alleviate Poverty in Poorer Countries