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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. -- Wikipedia

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Microfinance, often referred to as microcredit, is a financial service designed to provide small loans, savings, and other financial services to individuals and businesses who lack access to
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