Small-scale businesses in Bangladesh have done well because of the Grameen bank lending
A)large amounts of money to men.
B)large amounts of money to women.
C)small amounts of money to men.
D)small amounts of money to women.

Question

Quizplus · Accepted Answer

Small-scale businesses in Bangladesh have benefited from Grameen bank lending, which provides small amounts of money, known as microcredit, to women. The bank was founded by Muhammad Yunus, who recognized that traditional banks were unwilling to lend to poor people, particularly women. By providing small loans to women, Grameen Bank has empowered them to start their own businesses and improve their economic circumstances. Studies have shown that women borrowers are more likely than men to repay their loans and use the money to support their families.

Small-Scale Businesses in Bangladesh Have Done Well Because of the Grameen