Among the Differences Between Banks and MFIs in the Provision

question 111

True/False

Among the differences between banks and MFIs in the provision of credit facilities is that clients come to the microfinance institution while bank goes to the clients.

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Definitions:

Corporate Social Responsibility

A business model that helps a company to be socially accountable—to itself, its stakeholders, and the public. By practicing corporate social responsibility, companies can be conscious of the kind of impact they are having on all aspects of society, including economic, social, and environmental.

Business Affairs

Involves the management of important aspects of a business such as planning, organizing, and controlling financial activities.

Levels of Responsibility

The hierarchical arrangement of duties and accountability in an organization or job, determining how decisions and tasks are delegated and managed.

Information Management

is the process of collecting, storing, managing, and distributing information in a way that is efficient and effective.