1.) What is a microloan? - loaning people money to help them get a kickstart in a small business that will be beneficial to help their business be successful.
2.) What are some problems that can be helped my microfinance? Malaria, Drought, and Clean Water
3.) How can microloans help? benefit others instead of the person allowing the community to benefit from it.
4.) What is microfinance? - is a general term to describe financial services to low-income individuals or to those who do not have access to typical banking services.
5.) What’s a microlender? - an organization that makes business loans to individuals who are not able to obtain financing from traditional lenders. (usually charge higher-than-average interest rates)
6.) what is malaria? What is it caused by? Its a disease transmitted from person to person through the bite of a female Anopheles mosquito, which requires blood to nurture her eggs.
7.) What are some effects of droughts or heavy rains? -The climate in the region affects the farming which is relied on in many because they are not as developed as other places.The weather is unpredictable. Many times there won’t be as much rainfall that is needed for the crops to survive, these times are called droughts Other times there is too much rain, this leads to many of the crops getting washed away because they are already full of water and can’t take any more in. Both resulting in little/no crops.
8.) How do loans affect small business? - Loans help people with small businesses to get a kick start on what they want to do. They may get funds, structure investments, housing, and help for the economy in small areas near by.
9.) Who is the biggest provider for mosquito nets? - Bill Gates
10.) How many deaths does malaria cause each year? - 6,000
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