Answered

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Watch this video: https://www.ted.com/talks/jessica_jackley_poverty_money_and_love/

Answer the questions:

What is microfinance?
What is microlending?
How did microlending affect some of the lives of the people Ms. Jackley met?
What is the organization Ms. Jackley started? How does it work?
How do you feel microlending agencies cause social change around the world? Would you like to participate in one of these agencies? Why or why not?

Thank you in advance!

Sagot :

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According to the video, microfinance is a financial service for the poor, that is, providing loans and insurance to people in need.

Microcredit is a small financial loan that can help entrepreneurial individuals start or expand their business.

Microcredit has affected some of the lives of the people Ms. Jackeley met through enabling a loan service that could assist people in their needs, positively influencing the development of new ideas and businesses.

The organization that Ms. Jackey started was the Kiva project, where individuals can learn about the history of African entrepreneurs and their needs through a website and lend financial resources for these people to develop their businesses and earn a better quality of life.

How do microcredit agencies affect the world?

Microcredit agencies positively impact the world by making loans that are intended for a greater purpose than just donating money for basic needs, but microcredit agencies support ideas that can consistently change people's lives through entrepreneurship.

Therefore, through the video and the story of the Kiva project, it is possible to understand more how supporting projects and ideas through microcredit can be positive for social and economic development in the world.

Find out more about microcredit here:

https://brainly.com/question/21182528

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