Asked by Hunter McGaughey on Jul 16, 2024
Verified
The Grameen Bank in Bangladesh offers:
A) microloans.
B) focused loans.
C) collateralized loans.
D) amortized loans.
Microloans
Small, often short-term loans provided to individuals or small businesses, typically in developing countries, to spur economic development.
Grameen Bank
A microfinance organization and community development bank in Bangladesh that offers small loans to the impoverished without requiring collateral.
- Recognize the diverse models of social entrepreneurship and their intended aims.
Verified Answer
AB
Ariana Buckner
Jul 20, 2024
Final Answer :
A
Explanation :
The Grameen Bank in Bangladesh is known for its microfinance program, which provides small loans (microloans) to people who are traditionally excluded from lending programs, such as women and those living in poverty. This program has helped to stimulate entrepreneurship and economic growth in the country. B, C, and D are not accurate descriptions of the types of loans offered by the Grameen Bank.
Learning Objectives
- Recognize the diverse models of social entrepreneurship and their intended aims.