Which of the Following Statements Is NOT True of the Microcredit

question 366

Multiple Choice

Which of the following statements is NOT true of the microcredit system in South Asia?

• A) Most of the loans are made to women.
• B) The loans usually pay the start-up costs of small enterprises.
• C) Microcredit is based on a system of borrowers who are organized into small groups and are collectively responsible for repaying the loan.
• D) While microcredit has been somewhat successful,more than half the loans are not repaid.

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