Compared to traditional bank loans, microfinance loans

A) are much larger.
B) require collateral.
C) are made more frequently to women than to men.
D) have repayments that begin at a much later date.

Question

Compared to traditional bank loans, microfinance loans A) are much larger. B) require collateral. C) are made more frequently to women than to men. D) have repayments that begin at a much later date.

Dorreen San Pedro · Accepted Answer

Final Answer : C, Explanation :  Microfinance loans are specifically designed to be accessible to individuals who might not have access to traditional banking services, including women. They often target female entrepreneurs and those in developing countries, aiming to empower them economically. This approach is based on the recognition of the pivotal role women play in community development and the challenges they face in accessing financial services.

Compared to traditional bank loans, microfinance loans

A) are much larger.
B) require collateral.
C) are made more frequently to women than to men.
D) have repayments that begin at a much later date.

Definitions

Learning Objectives

Learning Objectives

Related questions

Compared to traditional bank loans, microfinance loansA) are much larger.B) require collateral.C) are made more frequently to women than to men.D) have repayments that begin at a much later date.

Definitions

Learning Objectives

Learning Objectives

Related questions

Compared to traditional bank loans, microfinance loans

A) are much larger.
B) require collateral.
C) are made more frequently to women than to men.
D) have repayments that begin at a much later date.