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__________is the provision of credit service to poor clients.

  • Microcredit is the provision of credit services to poor clients.
  • Microcredit is a type of financial service that provides small loans, usually without collateral, to low-income individuals or groups who lack access to traditional banking services.
  • The goal of microcredit is to provide the poor and financially excluded with the financial resources they need to start or grow their own businesses, generate income, and improve their living standards.
  • Microcredit is typically provided by microfinance institutions (MFIs) and can be used for a variety of purposes, including agriculture, small business development, and education.