Economics
5th Edition
ISBN: 9781319066604
Author: Paul Krugman, Robin Wells
Publisher: Worth Publishers
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Question
Chapter 25, Problem 3BCQ
To determine
The effects of Grameen Bank’s lending on a community.
Concept Introduction:
Grameen Bank: It is a bank with the main function to provide loans to the poor people without any legal obligations and collateral security. Grameen banks make five member groups where one person approves another person’s loan and helps in the accessibility of loans. It also takes responsibility of a borrower if one gets into any difficulty.
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