Multiple Choice
Which of the following statements is NOT true of the microcredit system in South Asia?
A) Most of the loans are made to women.
B) The loans usually pay the start-up costs of small enterprises.
C) Microcredit is based on a system of borrowers who are organized into small groups that are collectively responsible for repaying the loan.
D) While microcredit has been somewhat successful, more than half the loans are not repaid.
Correct Answer:
Verified
Correct Answer:
Verified
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