Which of the following terms describe programs which offer credit and other financial services to clients that are poorer than are typically serviced by commercial banks?

Question

Quizplus · Accepted Answer

Microfinance programs are specifically designed to offer credit and other financial services to individuals and small businesses who are poor and underserved by traditional commercial banks. Charity programs may provide financial assistance, but they are not necessarily focused on financial services. NCLB programs and savings and loan associations do not typically focus on serving poorer individuals and businesses.

Which of the Following Terms Describe Programs Which Offer Credit