Question: Question 3 (15 marks) (a) Discuss a major function of microfinance to the micro-entrepreneurs with not more than 60 words. (3 marks) (b) Discuss whether

 Question 3 (15 marks) (a) Discuss a major function of microfinance

Question 3 (15 marks) (a) Discuss a major function of microfinance to the micro-entrepreneurs with not more than 60 words. (3 marks) (b) Discuss whether microfinance institutions (MFIs) can generate profit from serving the low- income group. If profit can be generated, then why some traditional financial institutions do not participate in microfinance? If profit cannot be generated, then why the MFIs could be sustained in their operations? Discuss your answer with not more than 240 words. (12 marks)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!