Grameen Bank loaned to groups or circles of women, who were responsible for allocating the borrowings among themselves and for ensuring that the borrowings were repaid. This is an example of ________.

Question

Quizplus · Accepted Answer

Grameen Bank's lending model is a form of microfinance, which involves providing small loans to individuals or groups who are typically excluded from traditional banking services. The focus is on promoting financial inclusion and empowering marginalized communities. Market risk hedging is a strategy to mitigate financial risk in investment portfolios, micropatronage refers to the practice of providing small donations or support to individuals or projects, and the fair trade movement is a movement focused on promoting ethical and sustainable trade practices.

Grameen Bank Loaned to Groups or Circles of Women, Who