The Term Microfinancing Refers to

question 85

Multiple Choice

The term microfinancing refers to

• A)lending small sums of money to the poor so that they can work their way out of poverty.
• B)welfare handouts for poor people in developing countries.
• C)welfare handouts for poor people in industrial countries.
• D)pyramid schemes.

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Definitions:

Selectively Providing

The strategy of offering resources or information to specific groups or individuals based on certain criteria or needs.

Structuring Events

Key occurrences or interventions that shape the direction, dynamics, or framework within which activities and processes operate.

Technological Change

Refers to the process of innovation and the adoption of new or improved technologies, products, or processes within an organization or society.

Work Needs

Requirements or necessities that individuals seek to fulfill through their employment, such as income, satisfaction, and development opportunities.