Explain why the formal credit market fails to meet the financial service needs of the poor. Sustainability demands that microfinance survives by charging market interest
- Explain why the formal credit market fails to meet the financial service needs of the poor.
- Sustainability demands that microfinance survives by charging market interest rates to records good returns on capital. This also implies that microfinance would drift from their of social mission of helping the poor.
How can microfinance institutions maintain their social mission of helping the poor whiles remaining profitable for the owners?
- Discuss four (4) strategies that microfinance in Ghana can adopt in managing loan default.
- Discuss the contributions of microfinance to the Ghanaian economy.
Explain five challenges involved in mobilizing deposits from the poor
Step by Step Solution
There are 3 Steps involved in it
Step: 1
1 Failure of the Formal Credit Market The formal credit market often fails to meet the financial service needs of the poor due to various reasons such as stringent eligibility criteria collateral requ...
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Authors: R. Glenn Hubbard, Anthony Patrick O Brien
7th edition
134738314, 9780134738116 , 978-0134738321
