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

Question

Quizplus · Accepted Answer

Microcredit is a recent innovation that provides small loans to small businesses in impoverished countries, with the goal of reducing poverty and promoting economic development. This approach has shown success in helping individuals improve their livelihoods and lift themselves out of poverty.

One Recent Innovation to Help Alleviate Poverty in Poorer Countries