Economics · Banking and Financial Institutions
What is the primary objective of a microfinance institution?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To provide small credit to all individuals irrespective of income
- 2To provide small credit specifically to high-income individuals
- 3To provide small credit and financial services to low-income individuals or underserved communities✓
- 4To provide a large amount of credit to low-income individuals
Correct answer
To provide small credit and financial services to low-income individuals or underserved communities
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