Asked by Talin Mirzaei on May 12, 2024
Verified
Microloans are funded by the Grameen Bank in London,England.
Microloans
Small, short-term unsecured loans provided to entrepreneurs or groups in disadvantaged areas, typically used to start or expand small businesses.
Grameen Bank
A microfinance organization and community development bank founded in Bangladesh that makes small loans to impoverished borrowers.
- Understand the concepts related to economic development and the distribution of wealth.
Verified Answer
MR
Maria RamirezMay 16, 2024
Final Answer :
False
Explanation :
The Grameen Bank is actually located in Bangladesh, not London, England.
Learning Objectives
- Understand the concepts related to economic development and the distribution of wealth.