Development loans are financial products designed to fund projects that promote economic growth and infrastructure development. These loans are often provided by banks, government agencies, or international organizations to support initiatives such as building roads, schools, or hospitals. The goal is to stimulate local economies and improve living conditions. Typically, development loans come with favorable terms, including lower interest rates and extended repayment periods. They may also include technical assistance to help ensure that projects are completed successfully. By investing in essential services and infrastructure, development loans aim to create sustainable growth and enhance the quality of life for communities.