In micro loan is a small short term loan give it to small businesses in undeveloped countries most likely to support handcraft types of businesses True or false

True

Explanation:

Micro loans are common in developing and under developed countries.

The loans are made available to poor borrowers who have no form of collateral, steady and good employment, or a verifiable credit history.

It is mostly made available to support entrepreneurship skills and eradicate poverty.

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