Microfinancing

It is when money is given to another party in exchange for repayment of the principal amount plus interest

• Insurance

• Loan

• Savings

• Transfer

An individual or entity receives financial protection or reimbursement against losses.

• Loan

• Transfer

• Savings

• Insurance

An interest-bearing deposit account held at a bank or other financial institution. Though these accounts typically pay a modest interest rate, their safety and reliability make them a great option for parking cash you want available for short-term needs.

• Loans

• Insurance

• Savings

• Transfer

BSP stands for__________________________

• Banko Sentral ng Pilipinas

• Bank Security of the Philippines

• Banking System of the Philippines

• Bank Statement of the Philippines

Microfinance is also called as ____________

• Micro environment

• Microeconomics

• Microcredit

• Micro investor

Microfinance offers financial services except:

• Microinsurance

• Microinvestment

• Microsavings

• Microcredit

Microfinance is a financial service that offers loans, savings and insurance to entrepreneurs and small business owners who don't have access to traditional sources of capital, like banks or investors.

• True

• False

Microfinance institution (MFI) as a financial institution that provides small loans to people who otherwise wouldn’t have access to credit.

• True

• False

What is the criteria for lending money that talks about giving a property or important thing before you can barrow money from the bank and if you failed to return the money the bank will take that property?

• Capital

• Capacity

• Collateral

• Character

The situation of the Loaner to return the barrowed money from the bank on the specific date?

• Capital

• Condition

• Capacity

• Collateral