Abstract
Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment, or verifiable credit history. In this article, we will present some specified reports on microcredit. The noble prize winner Dr. Yunus made a revolution in Bangladesh. Here the situation of microcredit in Bangladesh with some data are presented in this article.
Highlights
It is designed to support entrepreneurship and alleviate poverty
Microcredit is used to describe small loans granted to low income individuals that are excluded from the traditional banking system
Microfinance started in Bangladesh and parts of Latin America in the mid-1970s to provide credit to the poor, who were generally excluded from formal financial services
Summary
Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment, or verifiable credit history. We will present some specified reports on microcredit. The noble prize winner Dr Yunus made a revolution in Bangladesh. The situation of microcredit in Bangladesh with some data are presented in this article.
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
