Some people believe that solidarity lending is an important building block of microfinance. a) What does it mean by “solidarity lending” in microfinance? (3 marks) b) “The practice of “solidarity lending” may contribute to a lower default rate for loans” Discuss with not more than 120 words whether you agree it or not. (6 marks) c) Discuss with not more than 120 words that why it may be difficult to develop and extend solidarity lending to some economies. (6 marks)

Answer rating: 100% (QA)

a Solidarity lending in microfinance refers to a practice where individuals within a group collectiv... View the full answer