Why Was Microfinance So Popular in the Upland Provinces of Northern

question 18

Essay

Why was microfinance so popular in the upland provinces of northern Luzon?

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Definitions:

Inventory Value

The total cost or market value of all the goods a company holds that are ready or will be ready for sale.

Float

The time difference between when a check is written and when the corresponding amount is actually withdrawn from the payer's account.

Collected Balance

Collected Balance refers to the amount of funds in a bank account that is available and has been processed completely, distinguishing it from the ledger balance.

Ledger Balance

The total balance of a bank account, calculated at the end of each business day, including all deposits and withdrawals that have been posted to the account.