Question
What does the transformation of Perus non-profit organisation into a bank illustrate?
- To compete with commercial banks, microfinance Institutions should convert into banks and offer a wide variety of services.
- Microfinance institutions turn to higher profits than banks since interest rates on loans are at their discretion.
- The poor prefer to go to large banks rather than NGOs to obtain loans.
Answer: Option B
Answer: (b)
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Answer: (b)
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