MICROLOAN for alleviating poverty

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Microloans serve as a crutch to help deal with and rebuild during a financial crisis, allowing credit-deprived households and MSMEs to access loans, streamline cash flows, and fuel growth. This means that microloans have a significant impact on poverty reduction and household welfare at various levels, including improved living standards, household health, food security, the education of children, and social cohesion. thus making it a very positive approach to conquering the poverty line and living a more sustainable quality of life.

What are your thoughts about this? Have you ever tried accessing a microloan?
 
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