Define microloans and determine how microloans can be utilized effectively to promote growth

Define microloans and determine how microloans can be utilized effectively to promote growth

Define microloans and determine how microloans can be utilized effectively to promote growth

Review the articles, “Women and Financialization: Microcredit, Institutional Investors, and MFIs,” by Girón (2015), and “Microcredit: From Hope to Scepticism to Modest Hope,” by Berlage and Jasrotia (2015), which are required reading for this week. Respond to the following:

Define microloans and determine how microloans can be utilized effectively to promote growth and development in a country?

Specifically, what strategy would you propose to raise the effectiveness of microloans?

microcredit__from_hope_to_scepticism_to_modest_hope8 women_and_financialization__microcredit__institutional_investors__and_mfis8

Solution preview

Microloan is an extension of small loans meant to support entrepreneurship as a strategy to alleviate poverty. Most beneficiaries of microloans are mostly unemployed illiterate individuals who lack collateral………………………

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