One of the Major Criticisms of Microfinance or Microcredit Is

question 2

Multiple Choice

One of the major criticisms of microfinance or microcredit is that the

• A) loans are rarely repaid.
• B) loans create a dependency on foreign handouts.
• C) loans do not help grow businesses that can hire employees.
• D) international community is not involved in making these investments.

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Definitions:

Market Demand

The total quantity of a product or service that all consumers in a market are willing and able to purchase at different prices, over a specified period of time.

Affirmative Defense

A response to a plaintiff’s claim that does not deny the plaintiff’s facts but attacks the plaintiff’s legal right to bring an action. An example is the running of the statute of limitations.

Default Judgement

Default Judgement is a binding judgment in favor of either party based on some failure to take action by the other party, most often the failure to respond to a court summons.

Motion

A formal request made to a court for an order or ruling in favor of the applicant.