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What is the micro credit?

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Anonymous

10y ago
Updated: 8/17/2022

GRAMEEN, the Micro Credit Ccheme for the poor and the needy was developed in Bangladesh. Poineering work was carried out by Mr. Muhammad Yunus for the developent and implementation of this scheme, for which He was awarded the Nobel Peace Prize for 2006. This poineering scheme must be called the currently the best micro-credit scheme. Many new schemes will no doubt come and will be in place as the example given by this scheme is followed. Another great scheme is Kiva, a non-profit organisation which allows individuals to lend as little as $25 to help fund small businesses run by low-income entrepreneurs around the world. Visit www.kiva.org to make a loan of your own and receive journal updates about the entrepreneur you have supported.

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