Microcredit: what it is, and what it is not
Microcredit is neither an instant loan nor a miracle cure. A closer look.
Microcredit is for people often shut out of traditional bank lending, for an inclusion project: transport, training, work equipment, a documented hardship.
It is not:
- a loan without documents;
- guaranteed financing;
- a way to cover other debts without a review.
Support from a charity or social worker often improves both the project and the repayment record.
This content is educational. It is not legal advice and does not replace a personal assessment of your situation.