_________ is the provision of financial services to low-income clients,including consumers and the self-employed,who traditionally lack access to banking and related services.

Question

Quizplus · Accepted Answer

Microfinance is specifically designed to provide financial services, such as credit and savings, to individuals and businesses who are unable to access traditional banking services. This includes low-income consumers and self-employed individuals who may not have the collateral or credit history required to obtain loans from commercial banks. Alt-A lending, Glass-Steagall, and LIBOR lending are all related to the broader financial industry but do not directly address the issue of improving financial access for marginalized groups. "Improving access" is a general term that could refer to a variety of efforts across different industries and is not specific to microfinance.

_________ Is the Provision of Financial Services to Low-Income Clients,including