Discussion
Which of the following is a feature of Micro credit?
Answer: A
A feature of microcredit is that it does not require any collateral for the loan. Microcredit means very small loans given to poor borrowers, often women in self-help groups, who have no assets to pledge, and the loan is usually backed by group guarantees and a good repayment record.
Option B contradicts the meaning, because micro loans are exactly what is offered. Repayment is frequent (weekly or monthly) and not rare, and the tenure is short, not long, so options C and D are also wrong.
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