One thought on “Micro-loans

  1. Microloans are loans that usually do not exceed $35,000. The interest on these loans are extremely little, for the purpose of helping a poorer person in a poor country. They are usually for people in poorer or less developed countries.and are to this person or group start up business or get essentials they need so they can make a profit. Once they start their own business and are making a profit the goal is to get them out of poverty. The importance of these microloans is to help other countries get out of poverty and create a better economic status.

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