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The Global Impact of Microfinance in Empowering Entrepreneurs
Contributed by: Cresswell
  • 1. What is microfinance?
A) Large loans for businesses.
B) Financial services to low-income individuals.
C) Investment banking services.
D) Government grants for startups.
  • 2. Which organization is known for pioneering microfinance?
A) International Monetary Fund.
B) Asian Development Bank.
C) World Bank.
D) Grameen Bank.
  • 3. How does microfinance primarily help entrepreneurs?
A) By giving away free goods.
B) By providing small loans.
C) By including them in stock markets.
D) By providing tax reductions.
  • 4. What is a common criticism of microfinance?
A) Exclusivity of loans to males.
B) Inefficient methods.
C) High interest rates.
D) Lack of available capital.
  • 5. What role do NGOs play in microfinance?
A) Regulators of the banks.
B) Major financiers of corporations.
C) Facilitators of programs.
D) Providers of government funding.
  • 6. What is an essential training component often offered with microloans?
A) Armed security training.
B) Advanced business management.
C) Financial literacy.
D) Technology development skills.
  • 7. Which demographic benefits most from microfinance?
A) Low-income individuals.
B) High-net-worth individuals.
C) Government officials.
D) Corporate executives.
  • 8. What is 'social performance' in microfinance?
A) Profitability of the microfinance institution.
B) Market share growth.
C) Impact on clients' lives and communities.
D) Interest rate competitiveness.
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