All of the Following Lending Practices Have Been Undertaken by MFIs

question 29

Multiple Choice

All of the following lending practices have been undertaken by MFIs to lower costs of microlending except

• A) Offering borrowers a series of loans that grow larger with each repayment
• B) Offering 0% interest rates on loans
• C) Group liability lending
• D) Requiring borrowers to begin repaying the loans soon after taking them out

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Definitions:

Coalition

An alliance or partnership between groups or individuals, often formed to achieve a common goal or address a shared concern, leveraging collective resources and efforts.

Economic Justice

A concept or ideal that aims for fair access to economic resources and opportunities, ensuring equitable wealth distribution and financial fairness among individuals and communities.

Social Justice

The concept of fair and equitable rights, opportunities, and treatment for all individuals within a society, aiming to address and rectify inequalities.

Large System Interventions

Strategies or actions implemented to induce change within extensive systems, such as organizations, communities, or societies, typically involving multiple stakeholders.