Which of the Following Statements Captures the Idea of Microcredit

question 206

Multiple Choice

Which of the following statements captures the idea of microcredit that has developed in South Asia?

• A) accepts development loans only from lenders in the developing world
• B) forgives all but a meager 5 percent of foreign debt owed by countries
• C) makes small loans available to poor entrepreneurs
• D) offers collateral-free loans to private, locally owned companies

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