Final project-Microcredit

Microcredit is the extension of very small loans to impoverished borrowers who typically lack collateral, steady employment and a verifiable credit history. It is designed not only to support entrepreneurship and alleviate poverty, but also in many cases to empower women and uplift entire communities by extension. Microcredit is part of microfinance, which provides a wider range of financial services, especially savings accounts. Critics argue, however, that microcredit has not had a positive impact on gender relationships, does not alleviate poverty, has led many borrowers into a debt trap and constitutes a "privatization of welfare". But despite this criticism, the microcredit has made a huge impact on several countries in Asia and Africa.

The idea of this final project is to give credit of this new type of loans to help people who are through a difficult economic problem, especially in Spain where several people are losing their homes and jobs.