Test Questions

Test Questions

1. What is Microfinance? Microfinance is the supply of loans, savings, and other basic financial services to people who do not have access to typical banking services

2. What does Kiva Do? Kiva provides people who don’t have the money to get a loan and start a business, also helps pay for insurance, it helps the local economy, it is an opportunity for the less fortunate, and it allows people to build their assets

3. What is Malaria? Malaria is  a life threatening sickness caused by transmitted mosquitoes. Doctors are working for a cure.

4.How does microfinance help to other people?Provides people who don’t have the money to get a loan and start a business, it also helps pay for insurance, helps the local economy, and it is an opportunity for the less fortunate.

5. What are microloans? They are loans that are given to people that need a “bust or push” to help them get a small business started. They can also be beneficial to their village or town. It also help investments in infrastructure, education, and legal forms.

6. What is a microlender?A Microlender is an organization that makes business loans to individuals who are not able to obtain financing from traditional lenders

7. What happens when the business is running smoothly and the owner is no longer in need of money? The owner will give the money back to the organization, once they have the money from the business.They also give the opportunity to have choices.

8. What would Kiva do If something was to happen  to a client's possession? The money the microfinance helped them save will cover the coast of the damage.

9.  About how many people use microfinance a year? About 160,000 people

10.What are the main problems that developing countries face? They suffer through drought, not enough clean water, famine, poor health care, pollution, and poverty