Define microloans and determine how microloans can be utilized effectively to promote growth and development in a country

Review the articles, “Women and Financialization: Microcredit, Institutional Investors, and MFIs,” by Girón (2015), and “Microcredit: From Hope to Scepticism to Modest Hope,” by Berlage and Jasrotia (2015), which are required reading for this week. Respond to the following:

Define microloans and determine how microloans can be utilized effectively to promote growth and development in a country?

Specifically, what strategy would you propose to raise the effectiveness of microloans?

microcredit__from_hope_to_scepticism_to_modest_hope8 women_and_financialization__microcredit__institutional_investors__and_mfis8

……………….Answwer preview………………

Microloan is an extension of small loans meant to support entrepreneurship as a strategy to alleviate poverty. Most beneficiaries of microloans are mostly unemployed illiterate individuals who lack collateral, a credible financial history and paperwork which are required for one to qualify for conventional loans (Quarter, J, & Mook, L, 2018). ……………

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