Question: When does microlending occur? Select one: 3. A when businesses take loans from their own customers and return the favor with generous interest rates O

 When does microlending occur? Select one: 3. A when businesses take

When does microlending occur? Select one: 3. A when businesses take loans from their own customers and return the favor with generous interest rates O B when investors provide small loans to local entrepreneurs to start their own businesses, cutting out intermediaries and avoiding the predatory lending rates that are often common in developing countries O C. when consumers loan money to other consumers via lending services, which eliminates banks. loan applications, and credit history reports O D when businesses take out small, inconsequential loans that are not of importance to stakeholders

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 General Management Questions!