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Briefly Explain How the Concept of Microlending Can Help People

question 78

Essay

Briefly explain how the concept of microlending can help people get out of poverty.


Definitions:

Share Price

The current price at which a single share of a company's stock can be bought or sold in the market.

Early-stage Financing

Capital provided to young companies or startups to help them grow and scale their operations, typically through venture capital.

Revenue

The income gained from sales of goods or services.

Funds

Financial resources set aside for a specific purpose or project.

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