History of Microfinance

What is microfinance?

Who is considered the originator of modern microfinance?

What was the name of the first mutualist financial institution that primarily served working populations in Germany?

What was the name of the program created by Muhammad Yunus to offer small loans to poor populations without financial guarantees?

In which year did the UN name as the 'International Year of Microcredit'?

Which of the following is a key feature of microfinance?

• Financial services for low-income individuals

• Investment opportunities for middle-income families

• Tax breaks for large corporations

• High-interest loans for wealthy individuals

Asset size is 3M-15M and have 10-99 employees

• Micro Enterprise

• Small Enterprise

• Medium Enterprise

• Large Enterprise

What is the primary goal of individual lending, where small loans are provided directly to borrowers for their entrepreneurial ventures or small businesses?

How does fairness applied in the borowing situation of the poor woman?

• it is but normal for the lender to protect their money so others may also be serve

• whoever barrows money should return it in due time and interset depending on the policy as part of the policy.on barrowing

• there is no fairness applied in the situation.

• it is fair that if they can't pay they can't barrow money.