Asked by Yanique Dayle on Jul 22, 2024
Verified
Microfinance is aimed at encouraging entrepreneurs among the very poorest parts of the developing world to relocate to high-income countries.
Microfinance
Financial services, including loans, savings, insurance, and training, provided to individuals or small businesses lacking access to traditional banking services.
Developing World
A term used to describe countries with lower levels of industrialization, lower standards of living, and often lower levels of human development indicators compared to developed countries.
- Acknowledge the importance of entrepreneurship in fostering economic growth.
Verified Answer
FM
Fernanda MorenoJul 29, 2024
Final Answer :
False
Explanation :
Microfinance is aimed at providing financial services to individuals or entrepreneurs in low-income or underserved communities, not at encouraging them to relocate to high-income countries.
Learning Objectives
- Acknowledge the importance of entrepreneurship in fostering economic growth.