Quiz: Poverty and Social Inclusion - Microfinance

Who is the founder of the Grameen Bank and what prize did he receive for his work?

• Pr. Muhammad Yunus, Nobel Peace Prize in 2006

• Pr. Amartya Sen, Nobel Prize in Economics in 1998

• Pr. Yunus Khan, Nobel Peace Prize in 2010

What is the philosophy behind microfinance?

• Only the rich can manage their financial affairs

• Everyone can manage their financial affairs if provided with the right conditions

• Banks should decide who can receive loans

What percentage of microfinance loans from the Grameen Bank goes to women?

• 75%

• 95%

• 50%

What is the average amount of a microfinance loan from the Grameen Bank?

• $50

• $100

• $1,000

Which of the following is NOT a main use of microfinance loans?

• Income-generating activities (IGAs)

• Luxury vacations

• Housing improvements

• Education scholarships

What is a personal loan typically used for in personal development in microfinance?

• Improve personal well-being and infrastructure (education, housing, etc.)

• Repay existing bank loans

• Gambling and high-risk investments

How does microfinance contribute to social inclusion?

• By providing investment opportunities to the wealthy

• By providing small loans that allow individuals to start businesses, improve their homes, and access education

• By building luxury homes for the poor

Which of the following elements best describes the typical profile of borrowers in the early microfinance initiatives?

• Rich entrepreneurs

• Middle-class professionals

• Poor women in developing countries