Question

What is a microloan?

a. a very small government aid package for developing countries.
b. a very small loan to finance education for families in undeveloped countries.
c. very small, short-term loan for a small business owner in an undeveloped country.
d. a very small community support program in an undeveloped country.

Answer 1

A microloan is a very small, short-term loan for a small business owner in an underdeveloped country. The answer is C.

Answer 2

I believe the correct answer from  the choices listed above is option C. A microloan is a very small, short-term loan for a small business owner in an undeveloped country. Hope this answers the question. Have a nice day. Feel free to ask more questions.