asked 178k views
2 votes
Microcredit loans typically are used to

A. buy a home
B. start a small business out of one's home
C. improve infrastructure
D. open a store or restaurant

2 Answers

0 votes
The answer is B

Because Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment, or a verifiable credit history. ... Microcredit is part of microfinance, which provides a wider range of financial services, especially savings accounts, to the poor.
answered
User CVA
by
7.8k points
6 votes

Answer:

B

Step-by-step explanation:

B. start a small business out of one's home

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