Microcredit programs are designed to provide small loans to individuals who lack access to traditional banking services, often due to their low income or lack of collateral.

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Microcredit Programs

Question 77

Multiple Choice

Microcredit programs

A) provide loans to people who are generally excluded from traditional credit services because of their low socioeconomic status.
B) require an applicant to provide a 20% minimum capital investment and have good credit.
C) offer World Bank loans to large capital investors who agree to establish manufacturing industries in developing countries.
D) do not require repayment of loans if the recipients establish businesses in low-income areas.

Correct Answer: