11. Which of the following is NOT a characteristic of micro-credit borrowers?
a) Limited education
b) Lack of financial literacy
c) Limited business experience
d) High credit scores
12. What is the purpose of interest rates on micro-credit loans?
a) To generate profit for micro-finance institutions
b) To cover administrative expenses
c) To mitigate the risk associated with lending to low-income individuals
d) All of the above
13. What is the average loan repayment rate for micro-credit programs?
a) 50%
b) 75%
c) 90%
d) 100%
14. Which of the following entities are typically involved in providing micro-credit?
a) Banks
b) NGOs
c) Credit unions
d) All of the above
15. What is the primary purpose of micro-credit in rural areas?
a) To promote entrepreneurship
b) To reduce poverty
c) To provide financial stability
d) To create employment opportunities
