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Development Economics
» Finance, Growth and the Poor »
Why Microcredit?
» Why Microcredit? - Practice Questions
Why Microcredit? - Practice Questions
1. The interest rates on micro credit loans are often
*
between 50-100% annually
very low, between 0.5 and 1%
comparable to interest rates in more developed countries
2. Which of the following is a frequent way borrowers use micro credit?
*
investment in a new business
investment in transportation
c. both a. and b.
