Wednesday, December 4, 2013

1. What is microfianace- is a general term to describe financial services to low-income individuals or to those who do not have access to typical banking services

2. Who makes the worldwide mosquitio net- Bill and Malinda gates

3.  what is a Micro entrepreneurs- person starting a business with little money

4. what is a microloan- a small amount of money given to a group of people to kickstart a busniess 

5. what is a mircolender-   A microlender is an organization that makes business loans to individuals who are not able to obtain financing from traditional lenders. Microlenders typically charge higher-than-average interest rates: their maximum loan is usually 25,000$ or less. Recipients of micro-loans are typically individuals in poverty or in development zones in the U.S., or who live in developing nations

6. what is malaria-  comes from the name mal (bad air), , every year malaria causes 655,000 deaths, every minute, a child dies from malaria

7. how does microfiance help the community- Provides people that don’t have money to start a business, pay for medical attention, pay for schools

Helps small businesses start up. Also helps the local economy pay for insurance

8. what do mircoloans do-   benefits the community instead of one person

9. What animal carries malaria- Mosquitoes 

10. what dont banks give out more loans to the poor- because they have a high risk of paying it back.

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