While the goal of almost all microcredit programs is to raise well-being,which of the following could hurt a family as a result of taking a microloan?
A) Having to work more hours to repay the loan
B) A sound investment could not work out because of poor demand
C) Illness may or poor investments may cause the family to reduce consumption further to repay the loan plus interest
D) All of the above
Correct Answer:
Verified
Q2: Many MFIs aren't able to maintain a
Q3: Microfinance programs were first created by Nobel
Q4: What does it mean for a microfinance
Q5: Why is microcredit considered by many to
Q6: As interest rates increase the cost of
Q8: As minimum loan sizes _,or as loan
Q9: The penalty for failing to repay a
Q10: All of the following are reasons why
Q11: A microenterprise is _.
A) A small family
Q12: Microfinance loans can be as small as_
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents