Loans offered through microcredit programs

A) are usually spent on food.
B) suffer from low repayment rates.
C) have very high repayment rates.
D) have lifted borrowers out of poverty at a faster pace than nonrecipients of loans.

Question

Anquanetta Gracie · Accepted Answer

Final Answer : C, Explanation :  Microcredit programs are known for their very high repayment rates, often due to the community-based methods of lending and repayment accountability.

Loans offered through microcredit programs

A) are usually spent on food.
B) suffer from low repayment rates.
C) have very high repayment rates.
D) have lifted borrowers out of poverty at a faster pace than nonrecipients of loans.

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Learning Objectives

Learning Objectives

Related questions

Loans offered through microcredit programsA) are usually spent on food.B) suffer from low repayment rates.C) have very high repayment rates.D) have lifted borrowers out of poverty at a faster pace than nonrecipients of loans.

Definitions

Learning Objectives

Learning Objectives

Related questions

Loans offered through microcredit programs

A) are usually spent on food.
B) suffer from low repayment rates.
C) have very high repayment rates.
D) have lifted borrowers out of poverty at a faster pace than nonrecipients of loans.