Question

Which of the following statements about the Grameen Bank is false?

A.

About half of the borrowers are women.


B.

The bank has branches throughout rural areas in Bangladesh.


C.

The bank was the first institution to utilize the microcredit concept.


D.

Loans disbursed are typically under $100.

Answer 1

A) about half of the borrowers are women

Answer 2

Option (A)

Step-by-step explanation:

The Grameen bank is referred to the bank that was started for the development of a community and was originated initially in Bangladesh. The main objective of this bank is to provide banking facilities and benefits to the poor people in order to remove poverty.

There are many branches of this bank that are present in the rural areas throughout the country of Bangladesh. The founder of this bank is Muhammad Yunus, in the year 1983, developed this banking system where the micro-credit concept was first introduced and utilized. The loan that is provided is much less here, which is about $100 and more than about 90% of borrowers of this bank are women.

Thus, the correct answer is option (A).