Microcredit initiatives are programs that provide very small loans (microloans) to individuals with limited resources or collateral, allowing them to start or expand their own businesses and improve their livelihoods.
Related terms
Financial inclusion: The effort to provide affordable and accessible financial services (like microcredit) to underserved populations who are traditionally excluded from formal banking systems.
Women empowerment: Actions taken to promote gender equality by enhancing women's abilities, rights, and control over their lives through education, employment opportunities, and social support.
Sustainable development goals (SDGs): A set of global objectives established by the United Nations aimed at addressing various challenges including poverty reduction, gender equality, and economic growth.