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Which of the following are true about ACCION's history? Select all that apply. a. Began as a nonprofit doing community projects in Venezuela b. Promotes

Which of the following are true about ACCION's history? Select all that apply.

  1. a.

    Began as a nonprofit doing community projects in Venezuela

    b.

    Promotes only the Grameen group lending model for microbanks

    c.

    Formed a network to invest in microfinance banks who shared their mission

    d.

    Piloted a microloan program in Brazil

  2. Which of the following is true about ACCION International's Bridge Fund?

    a.

    The fund made loans directly to commercial microfinance banks

    b.

    Network members used the fund to take deposits from customers

    c.

    ACCION created a peer to peer direct lending online platform for network members

    d.

    ACCION issued a letter of credit guarantee to local banks who agreed to loan money to network members

  3. Which of the following is an accurate description of the Accion Frontier Inclusion Fund described in the "Our History" area of the website?

    a.

    A microfinance institution which was the first wholly-owned foreign microcredit company (MCC) in Inner Mongolia.

    b.

    An action tank who works with a wide variety of actors microfinance experts, banks, investors, regulators, technology firms, universities, and others to address challenges related to financial inclusion.

    c.

    The Fund aims to help the worlds three billion financially underserved people by catalyzing fintech innovations that can radically improve the quality and availability of financial services for the underserved.

    d.

    None of these

  4. Which of the following is an accurate description of the Center for Financial Inclusion described in the "Our History" area of the website?

    a.

    An action tank who works with a wide variety of actors microfinance experts, banks, investors, regulators, technology firms, universities, and others to address challenges related to financial inclusion.

    b.

    The Fund aims to help the worlds three billion financially underserved people by catalyzing fintech innovations that can radically improve the quality and availability of financial services for the underserved.

    c.

    A microfinance institution which was the first wholly-owned foreign microcredit company (MCC) in Inner Mongolia.

    d.

    None of these

  5. In the ACCION USA presentation, the following reasons for lack of financial access were given:

    a.

    High credit score

    b.

    SBA loan programs served all the lending needs of microentrepreneurs

    c.

    Financial literacy

    d.

    None of these

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