Microcredit

:This is an article about small loans. For small payments see Micropayment

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Microcredit is the extension of small loans to entrepreneurs too poor to qualify for traditional bank loans. In developing countries especially, microcredit enables very poor people to engage in self-employment projects that generate income. Microcredit is the most important part of the microfinance field, which can comprise all other financial products such as micro-insurance, savings or other.

Related Topics:
Loan - Entrepreneur - Poor - Bank

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The United Nations have declared the year 2005 as the International year of Microcredit.

Related Topics:
United Nations - 2005 - International year of Microcredit

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