One of the criticisms made of microfinance or microcredit is that:
A)the loans are too big.
B)the loans do not help grow businesses that can hire employees.
C)the loans are rarely repaid.
D)the international community is not involved in making these investments.
E)the loans are not made to people, only firms.

Question

Quizplus · Accepted Answer

The criticism that microcredit or microfinance loans do not help grow businesses that can hire employees is a common one. The loans are often given to individuals for personal use, such as buying supplies for a small business, rather than directly to the business itself. While this can help individuals improve their financial situation, it does not necessarily contribute to overall economic growth or job creation.

One of the Criticisms Made of Microfinance or Microcredit Is