Question: Help asap please Question 6 [10 points] This question is based on Where Credit is Due, which summarizes the results of 7 studies on microfinance.

Help asap please

Question 6 [10 points] This question is based on "Where Credit is Due," which summarizes the results of 7 studies on microfinance. i. Many microfinance institutions use a model known as group liability lending, or group loans. How do group loans reduce the cost of lending to the poor? (4) ii. What is are the main result that show that, for the most part, microcredit does not help the poor the escape from poverty traps? (4) In your opinion, do these results imply that microcredit should be abandoned? Explain your iii. answer. (2)

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