Peer borrowing groups of five or so people with joit... - Solved MCQs & Answer

4354EconomicsMedium

Peer borrowing groups of five or so people with joit liability approve loans to other members as a substitute for the bank’s screening process The above statement applies to?

ABangladesh’s Grameen Bank

Bthe Association for Development of Microenterprice

Cthe Enterprice credit program in Kolkata

DIndonesia’s Badan Kredit Kecamatan (BKK)

Correct answer

C. the Enterprice credit program in Kolkata

Explanation

The correct answer is the Enterprice credit program in Kolkata.

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