Query Questions:

 

1. What is Microfinance?

       Microfinance is having access to banking services(like loans)

2. How does Microfinance help?

     Microfinance can help somebody start a business who can't afford to start one on their own

3. Who does Microfinance help?

     Microfinance helps a lot of people but mostly people who are trying to start a business

4. What are some problems in third world countries

 

    

• Diseases

• Famine

• Drought

• Lack of supplies

• Poor health care

• Poverty

• Pollution

• Poor Electricity

 

5. What are some common uses for microloans?

• Starting businesses

• Getting products for business

• Getting a "kick start

• Machinery or equipment

• Furniture or fixtures

• Money that the business can use

6. True or False: Malaria kills 655,000 people every year?

     True

 

7. What do Peace Corps volunteers do?

They work on business issues and increasing family income. Also improving the environment for business and help increase young people's education.

8. Do you ever get the money you loan out back?

    Yes! When you loan out money the people you loan money to uses it to start their business then when they are stable they send you your money back and you can loan it out again to somebody else 

9. What's so important about microfinance?

     They help out people in need. Somebody who is poor and can't afford anything can use the money to start a business and it would help them out tremendously. And get them back on their feet.

          The essay question!!

10. Would you ever consider giving out microloans? Why or Why not.

Yes I would. I would consider giving out a microloan because I love helping people who are in need of it. The awesome thing is that when they are done using my money I get it back and I can loan it out to someone else in need of my money