24) Grameen Bank believes that lack of access to credit is the biggest constraint for the rural poor. If the poor are provided credit on reasonable terms, they themselves best know how to increase their incomes. Grameen Bank targets and mobilizes the poor and creates social and financial conditions so that they receive credit by identifying a source of self-employment in familiar rural non-farm activities. The Bank's method of targeting the poor is effective as it mobilizes only those who are willing to bear the costs of group formation, training, and monitoring each other's activities, and those who are satisfied with the relatively small sums they can borrow and repay. To better meet its ultimate goal of social and economic development, Grameen Bank targets women more than men. By doing so, it directly channels credit to the poorest and the least empowered and helps improve the living standards of their families. Along with providing credit, Grameen Bank offers guidelines to members for codes of conduct and activities aimed at improving their social and financial conditions. It also provides training to women in maternal health, nutrition, and childcare to generate greater demand for basic health care services.
24) Below are reasons to get a personal loans :
- Refinancing credit card debt.
- Consolidating multiple types of debt.
- Financing home improvements.
- Making a large purchase.
- Buying a car or refinancing an auto loan.
- Paying off medical bills.
- Covering business expenses.
- Financing your wedding.
- You can often borrow larger amounts of money than with an unsecured loan.
- You can also take longer to pay secured loans back, up to 25 years.
- Interest rates are often a lot cheaper than personal loans because the risk of retrieving the money by the lender is lessened by the asset providing security.
25) Instead of selling them, they gave them as gifts to those they have interviewed in Guatemala. The radishes represent a new source of income for them. While it may not seem like a lot, it would double their livelihood. It would bring them closer to $2 a day.
26) "Urban area" can refer to towns, cities, and suburbs. An urban area includes the city itself, as well as the surrounding areas. Rural areas are the opposite of urban areas. Rural areas, often called "the country," have low population density and large amounts of undeveloped land.
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