The root of the success of microfinance Introduction: Microfinance is a finance facility for the lower income group of people who face difficulty in getting financial aid from general means. Unemployed or poor people usually do not get financial aids from financial institutions. Microfinance is a blessing for such people as it requires no or very low collateral for the small amount of loans.

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Answer 1

Question

Chapter 9, Problem 1TAI1

Summary Introduction

To Determine:

The root of the success of microfinance

Introduction:

Microfinance is a finance facility for the lower income group of people who face difficulty in getting financial aid from general means. Unemployed or poor people usually do not get financial aids from financial institutions. Microfinance is a blessing for such people as it requires no or very low collateral for the small amount of loans.

Expert Solution & Answer

Answer to Problem 1TAI1

Solution:

The root of the success of microfinance is providing the financial aid or loans without any collateral.

Explanation of Solution

Given information:

The topic of the discussion is microfinance and its usefulness in the developed/ developing nations.

Microfinance is a finance facility for lower income group of people who face difficulty in getting financial aid from general means. Microfinance is a blessing because it requires no or very low collateral for the small amount of loans. Hence it can be said that the root of the success of microfinance is providing the financial aid or loans without any collateral.

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Students have asked these similar questions

An insurance company has liabilities of £7 million due in 10 years' time and £9 million due in 17 years' time. The assets of the company consist of two zero-coupon bonds, one paying £X million in 7 years' time and the other paying £Y million in 20 years' time. The current interest rate is 6% per annum effective. Find the nominal value of X (i.e. the amount, IN MILLIONS, that bond X pays in 7 year's time) such that the first two conditions for Redington's theory of immunisation are satisfied. Express your answer to THREE DECIMAL PLACES.

An individual is investing in a market where spot rates and forward rates apply. In this market, if at time t=0 he agrees to invest £5.3 for two years, he will receive £7.4 at time t=2 years. Alternatively, if at time t=0 he agrees to invest £5.3 at time t=1 for either one year or two years, he will receive £7.5 or £7.3 at times t=2 and t=3, respectively. Calculate the price per £5,000 nominal that the individual should pay for a fixed-interest bond bearing annual interest of 6.6% and is redeemable after 3 years at 110%. State your answer at 2 decimal places.

The one-year forward rates of interest, f+, are given by: . fo = 5.06%, f₁ = 6.38%, and f2 = 5.73%. Calculate, to 4 decimal places (in percentages), the three-year par yield.

Answer 2

Question

Chapter 9, Problem 1TAI1

Summary Introduction

To Determine:

The root of the success of microfinance

Introduction:

Microfinance is a finance facility for the lower income group of people who face difficulty in getting financial aid from general means. Unemployed or poor people usually do not get financial aids from financial institutions. Microfinance is a blessing for such people as it requires no or very low collateral for the small amount of loans.

Expert Solution & Answer

Answer to Problem 1TAI1

Solution:

The root of the success of microfinance is providing the financial aid or loans without any collateral.

Explanation of Solution

Given information:

The topic of the discussion is microfinance and its usefulness in the developed/ developing nations.

Microfinance is a finance facility for lower income group of people who face difficulty in getting financial aid from general means. Microfinance is a blessing because it requires no or very low collateral for the small amount of loans. Hence it can be said that the root of the success of microfinance is providing the financial aid or loans without any collateral.

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Answer 3

Question

Chapter 9, Problem 1TAI1

Summary Introduction

To Determine:

The root of the success of microfinance

Introduction:

Microfinance is a finance facility for the lower income group of people who face difficulty in getting financial aid from general means. Unemployed or poor people usually do not get financial aids from financial institutions. Microfinance is a blessing for such people as it requires no or very low collateral for the small amount of loans.

Expert Solution & Answer

Answer to Problem 1TAI1

Solution:

The root of the success of microfinance is providing the financial aid or loans without any collateral.

Explanation of Solution

Given information:

The topic of the discussion is microfinance and its usefulness in the developed/ developing nations.

Microfinance is a finance facility for lower income group of people who face difficulty in getting financial aid from general means. Microfinance is a blessing because it requires no or very low collateral for the small amount of loans. Hence it can be said that the root of the success of microfinance is providing the financial aid or loans without any collateral.

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Answer 4

Question

Chapter 9, Problem 1TAI1

Summary Introduction

To Determine:

The root of the success of microfinance

Introduction:

Microfinance is a finance facility for the lower income group of people who face difficulty in getting financial aid from general means. Unemployed or poor people usually do not get financial aids from financial institutions. Microfinance is a blessing for such people as it requires no or very low collateral for the small amount of loans.

Expert Solution & Answer

Answer to Problem 1TAI1

Solution:

The root of the success of microfinance is providing the financial aid or loans without any collateral.

Explanation of Solution

Given information:

The topic of the discussion is microfinance and its usefulness in the developed/ developing nations.

Microfinance is a finance facility for lower income group of people who face difficulty in getting financial aid from general means. Microfinance is a blessing because it requires no or very low collateral for the small amount of loans. Hence it can be said that the root of the success of microfinance is providing the financial aid or loans without any collateral.

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Answer 5

Chapter 9, Problem 1TAI1

Summary Introduction

To Determine:

The root of the success of microfinance

Introduction:

Microfinance is a finance facility for the lower income group of people who face difficulty in getting financial aid from general means. Unemployed or poor people usually do not get financial aids from financial institutions. Microfinance is a blessing for such people as it requires no or very low collateral for the small amount of loans.

Expert Solution & Answer

Answer to Problem 1TAI1

Solution:

The root of the success of microfinance is providing the financial aid or loans without any collateral.

Explanation of Solution

Given information:

The topic of the discussion is microfinance and its usefulness in the developed/ developing nations.

Microfinance is a finance facility for lower income group of people who face difficulty in getting financial aid from general means. Microfinance is a blessing because it requires no or very low collateral for the small amount of loans. Hence it can be said that the root of the success of microfinance is providing the financial aid or loans without any collateral.

Answer 6

Chapter 9, Problem 1TAI1

Summary Introduction

To Determine:

The root of the success of microfinance

Introduction:

Microfinance is a finance facility for the lower income group of people who face difficulty in getting financial aid from general means. Unemployed or poor people usually do not get financial aids from financial institutions. Microfinance is a blessing for such people as it requires no or very low collateral for the small amount of loans.

Expert Solution & Answer

Answer to Problem 1TAI1

Solution:

The root of the success of microfinance is providing the financial aid or loans without any collateral.

Explanation of Solution

Given information:

The topic of the discussion is microfinance and its usefulness in the developed/ developing nations.

Microfinance is a finance facility for lower income group of people who face difficulty in getting financial aid from general means. Microfinance is a blessing because it requires no or very low collateral for the small amount of loans. Hence it can be said that the root of the success of microfinance is providing the financial aid or loans without any collateral.

Answer 7

Chapter 9, Problem 1TAI1

Summary Introduction

To Determine:

The root of the success of microfinance

Introduction:

Microfinance is a finance facility for the lower income group of people who face difficulty in getting financial aid from general means. Unemployed or poor people usually do not get financial aids from financial institutions. Microfinance is a blessing for such people as it requires no or very low collateral for the small amount of loans.

Answer 8

Expert Solution & Answer

Answer to Problem 1TAI1

Solution:

The root of the success of microfinance is providing the financial aid or loans without any collateral.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

Given information:

The topic of the discussion is microfinance and its usefulness in the developed/ developing nations.

Microfinance is a finance facility for lower income group of people who face difficulty in getting financial aid from general means. Microfinance is a blessing because it requires no or very low collateral for the small amount of loans. Hence it can be said that the root of the success of microfinance is providing the financial aid or loans without any collateral.

Answer 12

Ch. 9.1 - Prob. 1QS1 Ch. 9.1 - Prob. 2QS1 Ch. 9.1 - Prob. 3QS1 Ch. 9.2 - Prob. 1QS2 Ch. 9.2 - Prob. 2QS2 Ch. 9.2 - Prob. 3QS2 Ch. 9.3 - Prob. 1QS3 Ch. 9.3 - Prob. 2QS3 Ch. 9.3 - Prob. 3QS3 Ch. 9.4 - Prob. 1QS4

Answer to Problem 1TAI1

Explanation of Solution

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Chapter 9 Solutions