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. Options: A . &nbspBoth (A) and (B) B . &nbspOnly A C . &nbspNone D . &nbspAll (A), (B) and (C) E . &nbspNone of these

What does the transformation of Perus non-profit organisation into a bank illust

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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.

Answer: Option B
Answer: (b)

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