Which of the following statements does not describe microcredit loans? A. Microcredit loans are most common in poor, developing

Question

3 years ago

11

Which of the following statements does not describe microcredit loans? A. Microcredit loans are most common in poor, developing

countries. B. The UN estimates that women make up 76% of microcredit customers. C. Microcredit loans are interest-free. D. NGOs around the world currently use microcredit loans.

History

2 answers:

avanturin [10] · Answer 1 · 2022-07-11T17:29:39+03:00

avanturin [10]3 years ago

7 0

Answer:

The Correct Answer is actually C) Microcredit loans are interest-free !!!

Explanation:

it is was right on E.2020!!

oksian1 [2.3K] · Answer 2 · 2022-07-11T15:30:46+03:00

Answer:

D. NGOs around the world currently use microcredit loans.

Explanation:

Microcredit loans are loans of very small amounts of money given to the poor.

Microcredit loans do not require collateral for those given cannot afford to produce one.

The loans are given with the hope of bettering the lives of the beneficiaries.

NGO do not rely on microcredit loans, instead, some of them lend this kind of loans to the poor in their operations of improving lives.