ELI5: Explain Like I'm 5

Microcredit

Microcredit is a way to give people money to help them start businesses or improve their lives. Think of it like a loan. You get a certain amount of money, and you are expected to pay it back. The difference is that when you get microcredit, the loan is usually small and it usually doesn't need to be paid back until you make some money from your business. This way, if your business doesn't make enough money, you don't have to worry about losing your house or other important things because of the loan. Getting microcredit can really help people get started in their businesses!