The term for a global movement to help eradicate poverty by lending small sums used to start small businesses is referred to as _____.

Question

Quizplus · Accepted Answer

The term "microfinance" refers to the practice of providing small loans to individuals who may not have access to traditional banking systems, with the goal of helping them start or grow small businesses and ultimately lift themselves out of poverty. This approach has become a global movement aimed at eradicating poverty. Options A, C, and D are not accurate descriptions of microfinance.

The Term for a Global Movement to Help Eradicate Poverty