The Future - 1. The Future a. What is microfinance? b. c....

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1. The Future a. What is microfinance? The supply of loans, savings, and other basic financial services to the poor. Often loans require groups to cosign for the loan—very good chance of loan being paid back, and won’t sign the loan if they know they’re dishonest (group lending is good for banks to get information about clients) b. What is the purpose of microfinance? - Help very poor households meet future needs by allowing them to borrow and protect against risk. - The use of financial services by low income households is assoc w /improvements in household economic welfare and enterprise stability or growth. - It also supports women’s economic participation through gender equality and improvement in household well being. c. What is some evidence that leads us to believe that microfinance can be successful in economic development? It also supports women’s economic participation through gender equality and improvement in household well being. d.
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The Future - 1. The Future a. What is microfinance? b. c....

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