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    Jasper R. Indangan BSA-1 Year - Block 1 Microfinance and Development Week 3-4

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    carol indangan
    This document contains notes from a microfinance and development class, including short quizzes and essays. It discusses the five poorest countries in Asia, concepts of poverty, how students can help eradicate poverty through education, how microfinance helps the poor access financial services, categories of microfinance institutions, and the differences between commercial banks and microfinance institutions.

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    Jasper R. Indangan BSA-1 Year - Block 1 Microfinance and Development Week 3-4

    Uploaded by

    carol indangan
    40 views2 pages
    This document contains notes from a microfinance and development class, including short quizzes and essays. It discusses the five poorest countries in Asia, concepts of poverty, how students can help eradicate poverty through education, how microfinance helps the poor access financial services, categories of microfinance institutions, and the differences between commercial banks and microfinance institutions.

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    Jasper_Micro_Week3-4

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    This document contains notes from a microfinance and development class, including short quizzes and essays. It discusses the five poorest countries in Asia, concepts of poverty, how students can help eradicate poverty through education, how microfinance helps the poor access financial services, categories of microfinance institutions, and the differences between commercial banks and microfinance institutions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    40 views2 pages

    Jasper R. Indangan BSA-1 Year - Block 1 Microfinance and Development Week 3-4

    Uploaded by

    carol indangan
    This document contains notes from a microfinance and development class, including short quizzes and essays. It discusses the five poorest countries in Asia, concepts of poverty, how students can help eradicate poverty through education, how microfinance helps the poor access financial services, categories of microfinance institutions, and the differences between commercial banks and microfinance institutions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Jasper R.

    Indangan
    BSA- 1st Year- Block 1
    Microfinance and Development
    Week 3-4

    Short Quiz
    1. Give the 5 poorest countries in ASIA
    These are based on their GDP per capita as of March 2020
    A. North Korea
    B. Nepal
    C. Tajikistan
    D. Yemen
    E. Krygyztan

    2. Give at least 5 concept of poverty as a human condition that reflects failures in


    many dimensions of human life.
    A. Hunger
    B. Unemployment
    C. Homelessness
    D. Illness and Health Care
    E. Social Injustice

    ESSAY: Poverty is a number one problem in every country that many people
    suffered. As student, how could you help our country to eradicate poverty?

    Answer: As a student, I can help in eradicating poverty by having lots of hope that I
    will be able to survive and finish my studies with good morals to be able to provide
    for myself, for my family and for my community as well in the near future. Basically,
    the best way for students to help in eradicating poverty is to focus on studying for it
    will be paid off in the future. Me, as a member of the society with poor status, if I will
    get to finish my studies and get a good job in the future, I may not know whom get
    inspired with my story that will make them also study hard. From that cycle alone,
    invisibly, I or we can help eradicate poverty.

    Insight about the Video:


    Answer:
    Poor individuals , better called economically-challenged individuals, has no
    reason anymore not to start building their own assets. With the financial services
    offered by microfinance institutions, poor people can have access to working capital
    loans, microsavings, pensions, microinsurance as well as money transfers.
    Microfinance, basically will serve as an instrument to help poor people alleviate their
    lives from poverty line and be able to run their own businesses.
    Short Quiz
    1. What are the different categories of MFI?

    A. NGOs
    B. Mass Based Organizations/ Grassroots Organizations
    C. Cooperatives or Credit Unions
    D. Microfinance Oriented Banks
    E. Civic Organizations, Clubs and other socio - economic organizations

    Quick Essay: Choose 1 question , answer in 2 paragraphs


    1. What is your understanding on the definition of Microfinance? Elaborate.
    2. What is your understanding on the difference of a Commercial Bank and an MFI?
    Explain.

    Chosen Question: No. 2

    Commercial Banks, as to definition, is a financial institution that grants loans,


    accept deposits and offers basic financial products like savings, accounts and
    certificates of deposits to individuals and businesses. Their funds come from money
    deposited by checking accounts, money market accounts and certificate of deposits

    On the other hand, Microfinance Institutions are institutions that not only
    provide financial services but also non-financial services to the poor. Its main mission
    is to improve the quality of life of the poor and to alleviate them from poverty. Some
    has mission wherein it will not only help them alleviate from poverty but to
    eradicate them in the poverty line.

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