Asked by Richard Shim Jo on Feb 18, 2024
Verified
Microloans are small short-term loans given to people living in poverty that enables them to engage in entrepreneurship.
Entrepreneurship
A way of thinking, acting, and being that combines the ability to find or create new opportunities with the courage to act on them.
- Recognizing the importance of providing financial opportunities to individuals living in poverty.
- Exploring the potential impact of microloans on entrepreneurship and economic development.
- Understanding the concept of microloans and their purpose in addressing poverty.
Verified Answer
NT
Nirali Thakor
Feb 18, 2024
Final Answer :
True
Explanation :
Microloans are indeed small short-term loans given to people living in poverty to help them start their own businesses and become financially independent.
Learning Objectives
- Recognizing the importance of providing financial opportunities to individuals living in poverty.
- Exploring the potential impact of microloans on entrepreneurship and economic development.
- Understanding the concept of microloans and their purpose in addressing poverty.
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