Micro-finance Questions!

Hello,

Today for our blog we are supposed to make 10 questions for the test that we are going to take soon on micro-finance

1. What is Micro-finance
A: A general term to describe financial services to low-income individuals or to those who do not have access to typical banking services.

2. What are the benefits of micro-finance?
A: Saving Accounts, Fund Transfers, Loans, and Insurance

3. Name three problems in developing countries that can helped by micro-finance
A: Drought, Malaria, Polluted Water

4. How do loans affect small businesses?
A: Loans helo small businesses to get a kick start with their business

5. How many people die a year to malaria?
A: 655,000

6. What is a micro lender?
A: It is an organization that makes business loans to individuals who are not able to obtain financing from traditional lenders.

7. In what year did doctors discover the real cause of malaria?
A: 1890

8. What is malaria?
A: A life threatening disease transmitted by mosquitoes

9. Are there any cures for malaria?
A: No

10. How can we improve micro-finance?
A: We need to think of a solution to give people a chance to have a better life/business.

Thanks for reading!