What did Grameen bank use to substitute for a lack of collateral or property rights?
A) Compulsory spending
B) Intensive surveillance by male relatives
C) Collective responsibility
D) Indebtedness
E) Independence

Question

Quizplus · Accepted Answer

Grameen Bank used the concept of "collective responsibility" as a substitute for the lack of collateral or property rights. This approach involves forming groups of borrowers who support each other in ensuring the repayment of loans, thereby reducing the risk for the lender without the need for traditional collateral.

What Did Grameen Bank Use to Substitute for a Lack