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.

Question

Quizplus · Accepted Answer

Microfinance is the provision of financial services such as credit, savings, and insurance to low-income individuals or small businesses who lack access to traditional banking services. Option C is not an example of microfinance as it involves a loan to a company that is not considered low-income or lacking access to financial services. Options A and B, on the other hand, are examples of microfinance as they involve loans to individuals or small businesses to help them generate income and improve their livelihoods.

Which of the Following Is Not an Example of Microfinance