what is micro-credit?

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2007-01-01 18:59:01 · 3 answers · asked by ckd_xl 2 in Business & Finance ➔ Credit

basically, it's giving small loans to poor people, usually with the intention of helping them improve their economic situation.

2007-01-01 19:07:43 · answer #1 · answered by Geoffrey F 4 · 0⤊ 0⤋

Very small loans - typiically via a finance company at a high rate of interest.

2007-01-02 05:21:19 · answer #2 · answered by Thomas G 1 · 0⤊ 0⤋

i don't no

2007-01-02 03:06:58 · answer #3 · answered by dancenolivia997 2 · 0⤊ 0⤋