16. Which of the following is a form of micro-credit for women?
a) Group lending
b) Individual lending
c) Peer-to-peer lending
d) Online lending
17. What is the main advantage of group lending for micro-credit borrowers?
a) Lower interest rates
b) Reduced risk of default
c) Higher loan amounts
d) Longer repayment periods
18. What is the typical interest rate for micro-credit loans?
a) 1-5%
b) 6-10%
c) 11-15%
d) It varies depending on the lender and the borrower’s creditworthiness
19. Which of the following is a common use of micro-credit loans?
a) Starting or expanding a small business
b) Education expenses
c) Home repairs
d) All of the above
20. What is the primary source of funding for micro-credit institutions?
a) Government grants
b) Private donations
c) Interest earned on micro-credit loans
d) International aid
