Moji Motions

"""Global South"" is a broad term that generally refers to countries that are located in the southern hemisphere. Often the nations can be less developed than the countries in the northern hemisphere. The term is often used to refer to countries in Africa, Latin America, and Asia, but it can also include other regions such as the Pacific Islands and the Caribbean. The examples of economic development projects at the expense of natural reserves in the global south are but not limited to the deforestation in the Amazon rainforest and the Son Doong cave in Vietnam that has attracted thousands of tourists."

Microcredit is the extension of very small loans to impoverished borrowers who typically lack collateral, steady employment, and verifiable credit history. These banks can implement high or low-interest rates without the intervention of the government.