Micro loan is a small amount of money lent to individuals or businesses with low income or poor credit history. Micro loans are typically less than $50,000. They are often used to start or expand small businesses. Micro loans are usually provided by non-profit organizations or government agencies. The interest rates on micro loans are typically higher than traditional loans. Micro loans are often given to people who would not qualify for traditional loans due to their credit history or income level.

Equitas Small Finance Bank Interview Questions: Micro loan meaning

Asked inEquitas Small Finance Bank,Relationship Manager

Micro loan meaning

AnswerBot

Micro loan is a small amount of money lent to individuals or businesses with low income or poor credit history.

Micro loans are typically less than $50,000.
They are often used to start or expand small ...read more

Anonymous

2mo

Micro loan is a small amount of money lent to individuals or businesses with low income or poor credit history. Micro loans are typically less than $50,000 -7 lacs. Documents are required pan card aad...read more

Anonymous

4mo

Micro loan is small business loan provide group loans shg

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