Asked by
Delaney Bradford
on Nov 05, 2024Verified
Compared to traditional bank loans, microfinance loans have all of the following characteristics except
A) they are much smaller.
B) they require no collateral.
C) they are made more frequently to women than to men.
D) they have repayments that begin at a much later date.
Microfinance Loans
Small loans provided to individuals or groups in impoverished areas to spur economic development.
Bank Loans
Borrowed sums of money from banks that individuals or businesses must repay with interest according to agreed-upon terms.
Collateral
An asset that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid.
- Discuss tactics to stimulate economic growth in nations that are developing.
- Clarify the involvement of worldwide financial institutions in enhancing economic progression.
Verified Answer
CP
Learning Objectives
- Discuss tactics to stimulate economic growth in nations that are developing.
- Clarify the involvement of worldwide financial institutions in enhancing economic progression.