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Definitions
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Dictionary > Definitions > Economy > Micro credit
Micro credit
Definition
It is a financial process which makes it possible to somebody, who has a dynamism and latent capacities, to be integrated in an economy, whereas it has no to have nor any possible Credit, taking into account its state of destitution.
Description
IT acts of miser on the capacities of the woman or the man, by granting a small loan without guarantee, with one "excluded from the banking structure," to start an artisanal or commercial elementary company and to refund on the produced benefit The loan allows a differently impossible starting; its refunding makes it possible to lend again and thus to feed a chain without end of recipients. The condition is to compensate for the losses in refunding. The experiment showed us that they are weak.
Author
Md.Khurshed Alam
Author Email
mk_alamcce@yahoo.com
References
Definitions to be consulted