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QUESTION

Define microloans and determine how microloans can be utilized effectively to promote growth and development in a country

Define microloans and determine how microloans can be utilized effectively to promote growth and development in a country? Specifically, what strategy would you propose to raise the effectiveness of microloans?

*Note: This is for a discussion board so 2-3 paragraphs is all I need.

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** *** simplest form ********** provides ***** financial ******** **** ** credit *** deposit-taking ** * **** ***** ***** ** ************ marginalized *********** **** do *** meet *** ******** ** ** business **** ************ ******* ************ **** ****** ****** ***** **** of ****** to ********** ***** **** ****** ******* for ****** *** ******** *** world's poor *** ****** **** *** billion and who **** ** less **** **** *** *** ********** ********** ******** stability ******* ****** ********** ****** than ************** will ***** ** ****** charitable ******** to ***** the ******* ** world ******* Charity alone can *** address the ****** ** *** ******* **** ** ********* credit ** ***** ***** ********** ************ ** ********** *** **** to ***** ********** *** ** the cycle ** poverty ********** *********** *** ******** the **** of poverty one ******** ** * ************* ** *** **** ******* Development Fund: "Comprehensive ****** ******* **** ************ ****** ************ helps **** poor households meet ***** ***** and ******* ******* ****** *** use ** ********* ******** ** low-income ********** ** ********** **** improvements ** ********* ******** ******* *** enterprise stability or growth3 By ********** ******* economic ************* ************ ***** ** ******* ***** **** ********* ************* *** ********* household *********************** ** a **** **** investment in ***** ********* that has *** ***** ** generate long **** ******** ******* ***** ************** ********* ***** roots ********* *** ****** involvement While *********** ************* *** ******** **** *** ** ******* *********** in ******** ******* from *** top **** **** historically ****** ************ has *** promise ** promoting ********** *********** from *** ****** ** The key ** ******** ** improving the ******** ** ********* local *********** * *** **** ****** *** are **** ****** ** promoting long **** ******* economic ************ in ***** ******** communities and *********

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