Define the term microlendingSolutionDefine the term microlen

Define the term “microlending”

Solution

Define the term \"microlending\":

Microlending is the granting a very small amounts of money at low interest loans to people who are starting a business, or who need extra cash to expand business.

A microlender provides small amounts of money that would not be considered cost-effective for a t lender, enabling disadvantaged individuals to have access to small amounts of credit.