(Last Word) Loans offered through microcredit programs
A) are usually spent on food.
B) suffer from low repayment rates.
C) have very high repayment rates.
D) have lifted borrowers out of poverty at a faster pace than nonrecipients of loans.

Question

Quizplus · Accepted Answer

Microcredit programs have very high repayment rates, as borrowers are typically highly motivated to repay the loan in order to maintain access to future loans. This has been a success story in poverty alleviation around the world.

(Last Word) Loans Offered Through Microcredit Programs