medium · Enhanced ACT english
An economist is discussing the success of 'micro-lending' in developing regions. [1] By providing very small loans to entrepreneurs who lack collateral, micro-lending institutions allow people to start small businesses, like tailor shops or fruit stands. [2] These loans often have high repayment rates because they are coupled with community-based support and financial education. [3] Over time, the income generated from these businesses helps lift families out of poverty and stimulates local economic growth.
Which choice provides the most effective concluding sentence?
- Therefore, tailoring and fruit sales are the most profitable small businesses in developing nations.
- Consequently, large international banks should stop lending money to big corporations in the city.
- Thus, micro-lending empowers individuals to drive their own economic advancement from the ground up.
- In short, education is the most important factor for success in any type of business or career path.
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