This article is specific to small loans. For financial services to the poor, see Microfinance. For small payments, see Micropayment.Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment and a verifiable credit history. It is designed not only to support entrepreneurship and alleviate poverty, but also in many cases to empower women and uplift entire communities by extension. In many communities, women lack the highly stable employment histories that traditional lenders tend to require. Many are illiterate, and therefore unable to complete paperwork required to get conventional loans.
Posts about Micro-Lending
  • At Square, Growth is Good — At Least It Could Be

    … and over five years as a company.” He also rejected rumors that the closely-watched firm was under duress financially, framing the losses — pegged at $100 million by the Wall Street Journal — as intentional investments in the business. “‘Loss’ is an interesting word. You can consider it a straight loss, or you can invest in the company to grow…

    Steven Jacobs/ Street Fight- 6 readers -
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