Microcredit lending is an example of _____ innovation.
A) reverse
B) social business
C) disruptive
D) environmental
E) green

Question

Quizplus · Accepted Answer

Microcredit lending is a type of social business innovation, as it aims to provide financial services to those who are traditionally underserved by conventional banking systems. The main goal of microcredit lending is to help impoverished individuals start their own businesses by providing them with small loans that they can use to purchase equipment, materials, or inventory. This innovative approach to finance has helped millions of people around the world lift themselves out of poverty and achieve greater economic stability.

Microcredit Lending Is an Example of _____ Innovation