👉 Borinqueno, also known as "the poor man's credit card," is a type of loan that allows individuals to borrow money without requiring collateral or a physical deposit. This means that if someone doesn't have enough money in their account to pay back the borrowed amount, they can still use the borrowed funds to make purchases and pay bills. The term borinqueno comes from the Spanish word "borrego," which means "water" or "river."