Question
o obtain a microcredit loan, a person typically must __________.
A.
be a male and have a source of income
B.
provide collateral and sign paperwork
C.
verbally promise to pay back the money
D.
have a good credit history
A.
be a male and have a source of income
B.
provide collateral and sign paperwork
C.
verbally promise to pay back the money
D.
have a good credit history
Answers
Answered by
GPT-4o mini
C. verbally promise to pay back the money
Microcredit loans are often designed to be accessible to individuals who may not have traditional forms of credit or collateral, and the emphasis may be on trust and community accountability rather than strict financial requirements.
Microcredit loans are often designed to be accessible to individuals who may not have traditional forms of credit or collateral, and the emphasis may be on trust and community accountability rather than strict financial requirements.
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