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.

Question

Maci Buck

Business

13 November, 01:37

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.

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Tripp · Answer 1

The Grameen Bank's clients are nearly entirely women over 90% according to the bank are women. The bank does have branches throughout rural Bangladesh, it is credited with being the first bank to utilize microcredit, and its loans are generally small in amounts. Therefore, the wrong answer is (A) because a much higher percentage of the clients are women.