Identify Major Differences Between Banks and MFIs in the Provision

question 28

Essay

Identify major differences between banks and MFIs in the provision of credit facilities include:

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Definitions:

State

A political unit with organized government, territory, and sovereignty, recognized as such in international law.

Program Expenses

Program expenses are costs directly associated with the operations and activities aimed at fulfilling an organization's mission, distinct from administrative or fundraising costs.

Contributed Income

Financial resources received by organizations, especially non-profits, from donations, grants, or philanthropic contributions.

Financial Ratio

A quantifiable metric comparing two relevant numbers from a company's financial statements, used to assess its financial health.