- Words: 790
- Length: 3 Pages
- Topic: Economics
- Paper #: 14891895
Access to credit is a significant barrier to entry for many entrepreneurs, especially in the developing world. Often, people cannot afford to start or expand a business because they have no access to capital. With microcredit, this gap is bridged and entrepreneurs in the developing world can have access to capital. This helps to encourage such individuals to open business, or to expand their business.
Beyond the financial aspects, the psychological