One Lesson from Microfinance in Countries Such as Africa Has

question 68

Multiple Choice

One lesson from microfinance in countries such as Africa has been that

• A)despite its good intentions, monies still tend to be channeled to those in the middle and upper classes.
• B)poor borrowers do not make trustworthy clients.
• C)women who receive such loans stimulate local economies while addressing gender inequality.
• D)bottom-up approaches challenge larger institutions and traditional approaches.
• E)microlending is fraught with challenges and unforeseen perils.

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Definitions:

Complete Performance

The full and exact fulfillment of all terms and conditions as outlined in a contract or agreement.

Unconditional Offer

An offer made by one party to another that requires no additional conditions or stipulations to be met for acceptance.

Tender

An unconditional offer to perform an obligation by a person who is ready, willing, and able to do so.

Tendered

Offered formally or presented for acceptance, like a payment or a resignation.