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Which of the following statements about microfinance is incorrect? Microfinance Group of answer choices typically provides banking services to people with low-incomes, often small entrepreneurs,
Which of the following statements about microfinance is incorrect? Microfinance Group of answer choices typically provides banking services to people with low-incomes, often small entrepreneurs, who would usually not have access to such services. services usually are offered at a minimum threshold of 100 US Dollars. Lower amounts are not efficient. has often shown positive results in terms of profit margins, low default rates, and an in encouraging local entrepreneurs and empowering marginalized people in society. is an example for a so-called bottom of the (income) pyramid business model
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