Economics · Banking and Finance
Which of the following is NOT one of the rationales behind microfinance?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1More than subsidies, the poor need continuous access to credit.
- 2The absence of formal employment makes the poor non-bankable in traditional systems.
- 3More than access to credit, the poor need continuous subsidies.✓
- 4Many innovative institutional mechanisms have developed across the world to enhance credit to the poor even in the absence of formal mortgages.
Correct answer
More than access to credit, the poor need continuous subsidies.
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