Microfinance Worksheet Questions (Transcribed and Converted)

Which of the following best describes microfinance?

• It is a provision of micro credit to the poor.

• It is the supply of a broad range of financial services including micro credit.

• It involves the supply of loans to low-income individuals with proven track records of banking experience.

• It is simply lending to the poor.

Microfinance institutions in the Philippines are of three types: non-government organizations, banks, and _______.

• Private lending companies

• Bumbay

• Cooperatives

• Informal money lenders

Financial services of microfinance include _________.

• Loans and savings

• Training

• Financial literacy program

• Health seminar

The following are characteristics of a microfinance client, except _________.

• Engaged in home-based business

• Undergraduate

• Not clients of traditional banks

• New members of the community

Microfinance is important because _________.

• It helps generate jobs and opportunities

• Poor individuals are better off without education

• Banks are collapsing

• It helps promote dependency

The first groups that the Loan Officer visits before conducting area survey are the _______.

• Barangay official

• Religious groups

• socio-civic groups

• youth groups

The leaders in the community can help identify them.

• Clients

• Appropriate respondents

• business groups

• suppliers

When introducing himself or herself, the Loan Officer should hand these.

• ID and flyer

• Brochure and ID

• business card and brochure/flyer

• business card and ID

The Loan Officer does this by going around the place of concentration of enterprises or the center of the barangay where there is high economic activity.

• An ocular survey to know the area’s general characteristics.

• Survey the economic activities in the area.

• Map where the economic concentration is.

• Gather information about the potential respondents.

The specific aspects to observe include neatness and cleanliness of the community, paved roads, structure of the businesses, and ________?

• how close are people living to each other?

• availability of electricity in the community?

• where people get water source?

• if houses have permanent roofing?