Ranking Micro finance institutions Microfinance usually refers to the banking service of providing microcredit or small loans to the poor entrepreneurs and small businesses lacking access to banking and related services, who typically are not able to provide collateral for loans. However some microfinance institutions now provide additional services such as micro insurance, advisory services and savings. Microfinance aims is typically aimed at people who otherwise would be financially excluded from mainstream commercial banking. Although microfinance institutions exist all over the world, they seem to have a stronger presence in developing nations. In this connection, 1.Which of the following microfinance companies is NOT among the top 5 in the world? A) Bandhan Bank B) BRAC C) Grameen Bank and D) Kiva Microfunds. 2-Which of the following microfinance banks is NOT among the top 10 in Nigeria? A) Accion Microfinance B) Confluence Microfinance Bank Ltd C) Fortis Microfinance and D) Lapo. ANSWER 1-Bandhan Bank is the microfinance institution that is NOT among the top 5 in the world. 2.Aso Savings microfinance bank is the microfinance bank NOT among the top 10 in Nigeria.
Posted: Nov 22nd, 2017 @ 01:40:40 AM