首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Microfinance is an anti-poverty tool. If you make small loans to groups of poor women, they always repay them on time. Microfina
Microfinance is an anti-poverty tool. If you make small loans to groups of poor women, they always repay them on time. Microfina
admin
2019-06-10
84
问题
Microfinance is an anti-poverty tool. If you make small loans to groups of poor women, they always repay them on time. Microfinance has grown rapidly in many countries. Yet the industry has come under attack for being too commercial.
In Bangladesh the government has
capped the annual interest rate
that microfinance institutions (MFIs) can charge at 27%. In Andhra Pradesh (AP) , the Indian state with the most microfinance borrowers, local politicians have bullied the business to a virtual halt. These steps are ostensibly motivated by a desire to defend the poor from getting stuck in a debt. But they are wrong-headed.
Despite charging seemingly high interest rates, MFIs typically have thin margins because of the high costs of making and collecting payments on millions of tiny loans. Pressing them to reduce rates further would jeopardize their ability to attract private capital, inhibiting their growth.
In fact, the poor often use microloans to pay off far more expensive loans from village moneylenders. This suggests that restricting people’s access to microcredit by capping rates could have the perverse effect of driving more poor people into the arms of village loan-sharks. That would be good news for these moneylenders, but is surely not the outcome that policymakers want.
Sensible regulation need not be at odds with a thriving microfinance industry. Peru, for example, is ranked as having the best business environment for microfinance, in part because the regulator has successfully set and enforced rules on capital buffers, leading to a more stable environment for the industry. India, in contrast, is yet to decide whether rules governing microfinance are to be set at the national level or by individual states.
Many things can be done. For instance, an association of Indian MFIs is trying to set up a credit bureau which would allow them to track clients’ overall indebtedness and credit histories, thus guarding them against lending a person more than she is able to handle. This would be helped enormously if the government sped up its efforts to give all Indians a universal identification number. The Indian government should also allow MFIs to take deposits, which they are currently prevented from doing: this would make them less dependent on capital markets for funding. Actually there are more useful measures for the poor than an interest-rate cap.
The underlined phrase in Paragraph 2 most probably means______.
选项
A、to set a maximum annual interest rate
B、to change the annual interest rate
C、to relax the control of the annual interest rate
D、to reduce the annual interest rate
答案
A
解析
本题是细节题,要求考生理解第二段画线部分的意思,关键在于理解cap这个词引申的意思。另外,第三段中讲到了对于小额信贷来说降低利率的弊端有哪些,由此也可以推断出政府试图限制小额信贷的利率。
转载请注明原文地址:https://kaotiyun.com/show/zMUO777K
0
考博英语
相关试题推荐
______anyoneshouldthinkitstrange,letmeassureyouthatitisquitetrue.
AccordingtoBT’sfuturologist,IanPearson,theseareamongthedevelopmentsscheduledforthefirstfewdecadesofthenewmil
Salesmendependupontheperson-to-personapproachintryingtopersuadeconsumerstobuy.Advertising,however,hastodependu
Almostsincethebeginningofmankind,governmentshavebeenrecordingthenumbersoftheirpopulace.Thefirstknowncensusrep
AfricanAmericanwomen’ssearchforsocietalacceptanceoftenencompassesstrugglebetweennaturalandsociallyconstructedidea
Lastyear,whenPresidentGeorgeW.Bushannouncedthatfederalfundscouldbeusedtosupportresearchonhumanembryonicstem
Thereisprobablynosphereofhumanactivityinwhichourvaluesandlifestylesarereflectedmorevividlythantheyareinthe
Thereisprobablynosphereofhumanactivityinwhichourvaluesandlifestylesarereflectedmorevividlythantheyareinthe
ManycountrieswillnotallowcigaretteadvertisingintheirnewspapersoronTVespeciallysincetheadvertisementsareusually
随机试题
通常认为,通货膨胀率较高的国家适宜采用浮动汇率制,而通货膨胀率较低的国家适宜采用固定汇率制。判断:理由:
下颌远中、舌侧倾斜的基牙,设置环形卡环时,其卡环臂尖端应位于基牙何部位
患者,男,进行性开口困难6年,面部明显不对称,6岁时曾发生颏部对冲性损伤。该患者最可能的诊断
甲乙两国因边境纠纷导致全面的战争,战争开始后,交战国之间的外交关系和领事关系会出现下列哪一种结果?()
生产经营单位进行爆破、吊装等危险作业时,没有安排专门人员进行现场安全管理的,责令限期改正;逾期未改正的,责令停产停业整顿,可以并处()。
通常用于砌筑烟囱、沟道的砖为( )砖。
我国公司设立的原则为()。
(2008年考试真题)甲公司2007年1月10日开始自行研究开发无形资产,12月31日达到预定用途。其中,研究阶段发生职工薪酬30万元、计提专用设备折旧40万元;进入开发阶段后,相关支出符合资本化条件前发生的职工薪酬30万元、计提专用设备折旧30万元,符合
一、注意事项1.申论考试与传统的作文考试不同,是分析驾驭材料的能力与表达能力并重的考试。2.仔细阅读给定的资料,按照后面提出的“作答要求”依次作答在指定位置。3.答题时请认准题号,避免答错位置影响考试成绩。4.作答时必须使用
John:Mary,I’mlookingforsomething【K1】________(interest)toread.Anysuggestions? Mary:Icanrecommend(推荐)AllJoya
最新回复
(
0
)