Question

In micro loan is a small short term loan give it to small businesses in undeveloped countries most likely to support handcraft types of businesses True or false

Answer 1

True

Step-by-step explanation:

Micro loans are common in developing and under developed countries.

The loans are made available to poor borrowers who have no form of collateral, steady and good employment, or a verifiable credit history.

It is mostly made available to support entrepreneurship skills and eradicate poverty.