Question

Explain the effect of more investment to a country economy. How can a nation, like the Philippines, increase it's investment?​

Answer 1

Answer:

Microfinance is a model being applied in developing nations as a means of boosting local economies, with hopes of growing the global market.

✓1. There are 2 billion people around the world who do not have a bank account, or lack the technology they need to access a financial institution, over 50 percent of which cite that their primary reason for not having a bank account is not having enough money.

✓2. Microfinance institutions grant small business loans to individuals who would otherwise be unable to utilize a traditional bank services.

✓3. They can also provide forms of insurance and savings accounts.

✓4. An estimated 500 million individuals worldwide have received microfinance services,

✓5. many are women from rural regions, accounting for 84 percent of microfinance borrowers in 2016

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