One of the Major Criticisms of Microfinance or Microcredit Is

question 2

Multiple Choice

One of the major criticisms of microfinance or microcredit is that the

• A) loans are rarely repaid.
• B) loans create a dependency on foreign handouts.
• C) loans do not help grow businesses that can hire employees.
• D) international community is not involved in making these investments.

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Definitions:

Budgeted Purchases

The projected amount of goods or services a business plans to buy over a certain period, usually as part of its budgeting process.

Budgeted Sales

The projected amount of sales, in units or monetary terms, as planned for a future period.

Sales Forecast

A projection of future sales revenue, often based on historical sales data, market trends, and economic conditions.

Growth

Refers to the increase in size, value, or importance of an entity over time.