What Is 'Micro-lending' That Internet Users Talk About?
My mother has asked this question because she has heard that 'micro-lending' is a way to help people around the world who just need a few dollars. How can that work? What is it all about?
2 Answers - Sort by: Date | Rating
Micro-lending is the term used for those people who are very poor and can't even afford to have a bank account. It is a "person-to-person" lending of Money. It was first time introduced by Dr. Muhammad Yunus of Bangladesh who has also won a Nobel prize for his services in this regard.
1
0
Micro-lending is the extension of very small loans to the unemployed, to poor entrepreneurs and also to others living in poverty who are not considered bankable. These type of individuals lack collateral, steady employment and a verifiable credit history and cannot meet even the most minimal qualifications to gain access to traditional credit.
0
0
- How Can I Leave Any Article On Net]?
- What Is Riley Temple's Msn?
- How Is A Song Copied From Youtube?
- How To Send My Picture To My Friend By Gmail?
- How To Get Your Parents Password?
- How To Unblock Rapid-share On My Computer?
- How I Put My Movie On Youtube?
- Where Myspace Me?
- How I Put My Movie On Google?
- Who Uses The Internet?
- Has Anyone Bought A Bag From Paybags.com? Is This A Good Site?
- What Is Justin's Actual Myspace The One He Gets On Not His Musical One?
- What Website Can I Find It At?
- Will Asenegal Gain His Site Again?
- How Do I Delete A Friend On My Bebo Profile Page?
- Where Is The Spam Folder Located On Facebook?
- How Do I Make My 3g Faster On My G1?
- How To Make Font Bigger?
- How To Change Color Of Font?
- How To Know That How Much Gb I Have Used In The Internet?
- How 2 Make A E-mail Id?
- What Do You Think Is Better, Bebo Or Facebook And Why?
- Why Am I Not Getting A Message From Conformation Link So I Can Be Verified To Myspace?
- How To Make A Call To Germany From India?
- How Do I Sing Up For Bebo?

New Comment - Comments are editable for 5 min.