All of the Following Are Unique Characteristics of Microfinance Loans

question 21

Multiple Choice

All of the following are unique characteristics of microfinance loans except

• A) No collateral is needed
• B) Loans are usually repaid between 6 months and a year
• C) Only a maximum of 10% ownership equity is required in exchange for the loan
• D) When the loan has been repaid, the money is then "recycled" as loans to other entrepreneurs in the village

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Definitions:

Russian People

Citizens or nationals of Russia, a transcontinental country located in Eastern Europe and Northern Asia, known for its rich history, cultural heritage, and diverse ethnic groups.

Bolsheviks

A faction of the Russian social-democratic movement that split from the Menshevik faction and, led by Lenin, seized control of Russia in the October Revolution of 1917.

October Revolution

A key event of the Russian Revolution of 1917, in which the Bolshevik party, led by Vladimir Lenin, overthrew the provisional government and established a Communist state.

Political Opponents

Individuals or groups opposing each other in ideology, policy, or political goals, often within the context of elections or legislative processes.