Microloans provide credit for entrepreneurs who need small-dollar loans and are unable to obtain such financing through conventional lending. In the U.S., direct loans and grants to non-profit intermediaries generate loans of up to $50,000 to entrepreneurs and small business owners. These intermediaries also provide technical assistance to borrowers, which may include management and marketing training. Women-owned firms receive almost half of the microloans issued, African Americans receive about one-third, and Hispanics get most of the rest. The average loan size is about $14,000 and the average interest rate is 7.6 percent.
According to the passage, what percent of microloans are issued to Hispanics?
According to the next-to-last sentence, women get about half (50 percent), African Americans get about one-third (33 percent), and Hispanics get the rest (the remainder is about 17 percent).
According to the next-to-last sentence, women get about half (50 percent), African Americans get about one-third (33 percent), and Hispanics get the rest (the remainder is about 17 percent).