Tuesday, December 3, 2013

Microfinance Questions or Answers

1. What is microfinance? 
           - A general term to describe financial services to low-income individuals or to those who do not have access to typical banking services.  

2. What are the benefits of microfinance? 
            - saving accounts, fund transfers, loans, and insurance

3. How many deaths are caused by malarial?
            - 655,000 people 

4. Name three problems in developing countries that can be helped by microfinance.
           - droughts, malarial, and polluted water 

5. How do loans affect small businesses?
           -  Loans help small businesses to get a kick start with their business.

6. In what year did scientists discover the cause of malarial?
           - 1880

7. What is malarial? 
         - life threatening disease transmitted by mosquito

8. Are there any cures for malarial?
        - No, because the doctors are trying to find a Racine for it. 

9. How can we improve microfinance? 
        - We need to think of a solution to give people a chance to have a better life. 

10. What is a micro lender?
         - It is an organization that makes business loans to individuals who are not able to obtain financing from traditional lenders. 

No comments:

Post a Comment