Microcredit is the extension of small loans—which are not secured by collateral and often require repayment in weekly installments—to poor individuals for use in income-generating activities that will improve the borrowers’ living standards. The concept of microcredit was developed in 1976 by Muhammad Yunus, a Bangladeshi economist, as a means of alleviating poverty and improving the lives of Bangladesh’s poorest inhabitants. What group comprises the majority of microcredit borrowers? Discuss