1. What is Microfinance? form of financial services for entrepreneurs and small businesses lacking access to banking and related services.

2. Name 3 problems faced in developing countries? Disease, famine, drought, and pollution.

3. What is a microloan? A microloan is when a person lends a small amount of money to a developing business. Once the business is running good the lender will receive their money back.
4. Name 2 or 3 common uses for microloans?

• Starting up new businesses, Getting products for your business

• Getting a little kick start on your business
• Machinery or equipment

5. ways microloans can help?

-The businesses can have a positive effect on the community around them.

-It allows small business owners access to insurance.

6. What can you do if you want to start a new business, but don't have the funds for it? get a microloan

7. Can roads and bridges be a common use for a microloan? Yes

8. True or false, Electricity is one of the main problems faced in developing countries? True

9. True or false, a microloan is when somebody gives someone money in order to start a new business, and the loaner doesn't receive money back? False

10. Was this test useful? yes