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Questions and Answers
Which type of risk in microfinance refers to the risk of default by borrowers?
Which type of risk in microfinance refers to the risk of default by borrowers?
- Credit risk (correct)
- Liquidity risk
- Operational risk
- Market risk
What is the purpose of risk management in microfinance?
What is the purpose of risk management in microfinance?
- To manage changes in market conditions
- To identify financial obligations
- To provide small loans to individuals and businesses
- To ensure the success of microfinance programs (correct)
What is operational risk in microfinance?
What is operational risk in microfinance?
- The risk of default by borrowers
- The risk of losses due to inadequate or failed internal processes, people, and systems (correct)
- The risk of not being able to meet financial obligations
- The risk of losses due to changes in market conditions
