Ask Question
13 August, 05:12

the financial institution that makes loans to buisness and individuals but offers no other services is a what, first answer will get marked brainleist

+2
Answers (2)
  1. 13 August, 06:45
    0
    Microcredit organizations.

    Explanation:

    it was right on the test
  2. 13 August, 08:25
    0
    Answer: Microcredit organizations.

    Explanation:

    Microcredit organizations exist worldwide. These are institutions whose sole function is to lend. Microcredit organizations provide lending services to individuals and small and medium-sized enterprises. Apart from this function, they have no other field of economic activity. The difference with other banks is that these organizations do not lend to the extent that large banking corporations can.

    Nevertheless, these amounts may be sufficient to address specific life issues of the individual as well as to start a small business. Microcredit organizations provide lending services at significantly higher interest rates than regular banks, but the process of obtaining loans is much faster. In addition to the lending function, micro-credit organizations do not provide other banking services.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “the financial institution that makes loans to buisness and individuals but offers no other services is a what, first answer will get marked ...” in 📘 History if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers