The conversation between human and AI assistant.
I have an invention and don't have the money for the patenting process so I can start a crowdfund. Can I receive a microloan for this type of thing?
No, but how do microloans differ from traditional bank loans?
Microloans usually have a shorter repayment term than traditional bank loans and are provided by non-profit organizations or microfinance institutions. They also have lower loan amounts and are often used for starting or growing a small business.