Which of the following is not an example of microfinance?
A)A loan to a farmer for a goat that will give milk that the farmer can sell.
B)A loan to a small restaurant owner to buy a refrigerator.
C)A loan to a U.S.-owned electronics company to expand overseas.
D)A loan to a woman to buy a sewing machine to make clothes to sell.

Question

Quizplus · Accepted Answer

Microfinance typically involves small loans to individuals or small businesses in developing countries who have limited access to traditional banking services. A loan to a U.S.-owned electronics company to expand overseas does not fit this definition.

Which of the Following Is Not an Example of Microfinance