Differences between banks and MFIs in the provision of credit facilities include:

Question

Quizplus · Accepted Answer

All the options provided highlight key differences between banks and microfinance institutions (MFIs). A) Banks typically aim to maximize profits, whereas many MFIs operate with a social mission, which can include non-profit objectives. B) MFIs often incorporate social and educational programs as part of their mission to empower their clients, which is not a common practice among traditional banks. C) MFIs frequently target women as their primary clients, aiming to improve gender equality in financial access, in contrast to banks that generally have a more diverse client base without a specific gender focus.

Differences Between Banks and MFIs in the Provision of Credit