Multiple Choice
All of the following are unique characteristics of microfinance loans except
A) No collateral is needed
B) Loans are usually repaid between 6 months and a year
C) Only a maximum of 10% ownership equity is required in exchange for the loan
D) When the loan has been repaid, the money is then "recycled" as loans to other entrepreneurs in the village
Correct Answer:
Verified
Correct Answer:
Verified
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