Microfinance Refers to

question 240

Multiple Choice

Microfinance refers to

• A) the practice of offering small, collateral-free loans to individuals who otherwise would not have access to the capital necessary to begin small businesses or other income-generating activities in exchange for a percentage of future profits rather than repaying of loans.
• B) the practice of offering small, collateral-free loans to individuals who otherwise would not have access to the capital necessary to begin small businesses or other income-generating activities.
• C) the lending of money contingent upon a daily accounting of all expenditures made and all income generated.
• D) the day-to-day expenses such as coffee for the office, flowers for anniversaries, etc. that are considered too small or too insignificant to be itemized and instead are listed as discretionary funds.
• E) the expenditures within an individual household assigned to each individual family member whether they personally generate income or not.

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Definitions:

Transformational Leadership

A leadership approach that causes change in individuals and social systems, enabling followers to transcend their own self-interests for the good of the group or organization.

Vision

A statement that clarifies the purpose of the organization and expresses what it hopes to be in the future.

Shared "Dreams"

Common aspirations or goals among a group of people, which motivate collective action towards achieving a shared vision.

"Old-Fashioned" Leadership

A style of leadership characterized by traditional approaches, such as top-down decision-making and autocratic management practices.