Explain five functions of micro finance institutions in promoting economic activities in a country

      

Explain five functions of micro finance institutions in promoting economic activities in a country

  

Answers


gideon
Mobilizes savings to create a pool of frauds for investment.
Offer investment advice/training in business management.
Offer loans for investment to small scale and medium scale traders.
Create employment opportunities hence help solve unemployment problems.
Supervises and monitor people they have given loans to ensure loans are used wisely.
gideon1 answered the question on November 2, 2017 at 05:30


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