Economics · Banking and Finance
What is the primary function of Microfinance Institutions (MFIs)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To charge exceptionally high interest rates to rural borrowers
- 2To provide large-scale corporate and industrial loans
- 3To offer financial services to segments excluded from traditional banking systems✓
- 4To regulate national monetary policy and currency printing
Correct answer
To offer financial services to segments excluded from traditional banking systems
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