QUIZ #1 MICROFINANCE

Any business activity or enterprise engaged in industry, agri-business and/or services

• MSME's

• SME's

• SMME's

• MSEM's

Asset size is 3M-15M and have 10-99 employees

• Micro Enterprise

• Small Enterprise

• Medium Enterprise

• Large Enterprise

ILO stands for;

• Internal Labour Organization

• International Law Organization

• International Labour Organization

• International Labour Operation

The following are the 3 pillars of Philippine Development Plan 2017-2022 except;

• MALASAKIT

• PAGBABAGO

• PATULOY NA PAG UNLAD

• BAYANIHAN

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

• Loan

• Savings

• Insurance

• Deposit

A flexible business loan that allows you to only pay interest on the portion of money that you borrow. It works similarly to a credit card.

• Business Line of credit

• Accounts Receivable Financing

• Working Capital Loans

• Equipment Loans

These loans are designed to help you pay for expensive machinery, vehicles or equipment that retains value, such as computers or furniture.

• Business Line of credit

• Accounts Receivable Financing

• Working Capital Loans

• Equipment Loans

A loan where you can sell unpaid invoices to a lender and receive a percentage (80%) of the invoice value upfront.

• Business Line of Credit

• Accounts Receivable Financing

• Working Capital Loans

• Equipment Loans

A loan in which the borrower pledges some asset as collateral for the loan.

• Secured Loan

• Unsecured Loan

• Fixed rate Loan

• Variable rate Loan

A loan that doesn't require any type of collateral.

• Secured Loan

• Unsecured Loan

• Fixed rate Loan

• Variable rate Loan