1. what are micro loans give few example on how they can be good and bad 2....

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Economics

1. what are micro loans give fewexample on how they can be good and bad

2. what can be a downside toNGO's (Real life examples pass history examples

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Dear StudentQ1 what are micro loans give few example on how theycan be good and badAns Micro loane is a way in whichloans credit insurance access to savingsaccounts and money transfers are provided to small business ownersand entrepreneurs in the underdeveloped parts of country Thebeneficiaries of micro loan are those who do not have access tothese traditional financial resourcesMicrofinance loans are significant as these are provided toborrowers with no collateral The end result of microloans shouldbe to have its recipients outgrow smaller loans and be ready fortraditional bank loansImportance of Microfinance Micro LoanAlmost half of the population of our country does not have abasic savings account However this segment requires financialservices so that their aspirations such as building of assets andprotection See Answer

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