Question: Consider microloans. Microcredits are a process in which loans are provided directly to entrepreneurs in developing countries. You can lend from $25. Kiva.org has a

Consider microloans. Microcredits are a process in which loans are provided directly to entrepreneurs in developing countries. You can lend from $25. Kiva.org has a 99% payout rate. The average loan for a business owner is $388.44 and the average loan amount is $261.14. With a total amount of $283,697,150. How many people are lending money if the average number of loans per lender is 8?

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