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:

General Mood Competency

The ability to effectively manage and influence one's emotional state and outlook.

Flexibility

The willingness and ability to adapt to new situations or changes in one's environment.

Independence

The state or quality of being self-sufficient and not dependent on external support or control.

Stress Tolerance

The ability to cope with stress in a healthy way, allowing an individual to face challenging situations without losing efficacy.