Briefly Explain How Microfinancing Has Helped Individuals to Rise Out

question 85

Essay

Briefly explain how microfinancing has helped individuals to rise out of poverty in many developing nations.

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Definitions:

Least Profitable

The term least profitable refers to the product, service, or business segment that generates the smallest amount of profit relative to others.

Milling Machine

A machine tool used to shape solid materials by removing excess material through rotary cutters.

Existing Capacity

Current maximum level of output or production that a facility can achieve under normal conditions.

Additional Minute

Additional Minute refers to any extra time accounted for or needed beyond what was initially planned or scheduled, often in context to services or operations.