Test Questions

1. What are three types of problem delevoping countries are faced with?
A: disease, famine, drought, lack of supplies, poor health care, poverty, pollution, electricity

2. What is a microloan?
A: A microloan is when a person lends a small amount of money to a developing businness. Once the business is running well the lender will receive the money back.

3. What are four common uses for microloans?
A: starting up new businesses, getting products for your business, getting a little kick start on your business, machinery or equipment, furniture or fixtures, money that you can use for your business, electricity, technology, buildings, roads and bridges.

4. How do microloans help?
A: It can provie microentrepreneurs with the capital needed to operate and expand their businesses. The business can have a positive effect on the community and them. It allows small business owners access to insurance. They allow people to switch profession and work in a field that interests them, or atleast intersts them more than the last job.

5. Who gets microloans?
A: Microloans can be loaned to individuals that do no have access to banking services and have low income.

6. What is microfinance?
A: a form of financial services for entrepreneurs and small businesses lacing acces to bankig and relates services.

7.   Which of the following is NOT a problem faced in developing countries?
a. famine
b. drought
c. pollution
d. too many factories
A: d. too many factories

8.  True or false. Microloans can be given out to anyone.
A: False

9.  When the person who recieves the microloan has businness running successfully what do they do?
A: gives money back to the lender

10. Can anyone give out a microloan?
A: YES!!!!!!!!!