Briefly Explain How Has Microfinancing Helped Individuals to Rise Out

question 41

Essay

Briefly explain how has microfinancing helped individuals to rise out of poverty in many developing nations.

---

Definitions:

Net 30

A payment term indicating that payment is due in full 30 days after goods are delivered or a service is completed.

Forego Discounts

The opportunity cost of not taking advantage of early payment discounts offered by suppliers.

Credit Analysis

The process of evaluating an individual's or an organization's ability to repay debt obligations based on their financial stability and history.

Terms Of Sale

The conditions agreed upon by the buyer and seller regarding the delivery, payment, and other elements of a purchase transaction.