Uploaded by Sherry Chan

microfinance puzzle

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Terms and Definitions
Term
Definition
1
Someone who starts, organizes, and manages a business.
2
Wealth (e.g. money or goods) that can be used to produce more
wealth. Commonly, capital refers to money that can be used to start
and maintain a business.
3
The extension of money to someone with the agreement that it will be
repaid later; i.e. a loan.
4
Financially sound enough to be offered a loan.
5
Takes into account a person’s repayment history with all the loans they
have taken out in the past, their work history, and other behaviors such
as honesty in filling out applications.
6
How capable a person is financially of taking on a loan – a picture of an
individual’s income and his or her existing debt obligations.
7
Property or other assets that a lending institution is entitled to take if
you fail to repay a loan (i.e., house, car, machinery, etc.).
8
The national and local economic outlook.
9
A loan that is not secured with collateral or a guarantor. The loan is only
backed up by the borrower’s promise to repay it.
10
Very small amounts of credit (loans) that are extended to small-scale
entrepreneurs.
11
Financial services for poor, low-income clients, including the provision of
microcredit loans.
12
Organization that supplies microfinance services.
Word Bank
Microfinance institution Microfinance
Microcredit
Unsecured loan
Conditions
Collateral
Creditworthy
Capital
Credit
Capacity
Character
Entrepreneur
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