Which of the following statements is NOT a feature of the Grameen Bank project in Bangladesh?
A)The project is funded by international donors.
B)Borrowers must own private property.
C)Peer support is a requirement for receiving loans.
D)Most of the borrowers are women.

Question

Quizplus · Accepted Answer

One of the key features of the Grameen Bank project in Bangladesh is that borrowers do not need to own private property to be eligible for loans. This is because the project is based on the concept of microcredit, which allows people who are typically excluded from traditional formal banking systems to access small loans without collateral. The other options are correct: A - the project is funded by international donors; C - peer support is a requirement for receiving loans; D - most of the borrowers are women.

Which of the Following Statements Is NOT a Feature of the Grameen