Extending available credit base

Creating enlarged credit base

Description

Extending the available credit base involves increasing the amount and accessibility of credit to individuals, businesses, or sectors previously underserved or constrained by financial limitations. This strategy aims to stimulate economic activity, support entrepreneurship, and address liquidity shortages by broadening lending criteria, introducing new financial products, or leveraging alternative credit assessment methods. By remedying restricted access to capital, it fosters growth, job creation, and resilience against economic downturns.