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Microcredit
MICROCREDIT

Definition: (business) Microcredit is credit in the form of small loans offered to local businesses, especially in developing countries.
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* All nine elements would be in.


1. Purposeful and necessary (to emphasize).

2. Facility (= credit) will be applied for.

3. Due processes are followed before an approval.

4. Conditions - rates, tenure, etc. - will be favourable.

5. Small is 'big' (= adequate) in the beneficiaries opinion.

6. Amount or sum will be released to the beneficiaries on time.

7. Monitoring arrangements by loan provider will be in place.

8. Loan will serve purpose(s), but only if properly utilized.

9. (Reserved.) (The loans can be written off, just in case!)
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See perfect NON-PAYMENT.

See perfect THIRD WORLD.
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See perfect SOFT LOAN.

See perfect TOP DOLLAR.
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See perfect BAD DEBT.

See perfect SORE POINT.

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