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?
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………………………