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What is the primary role of a 'microfinance institution' in resource mobilisation?

ATo channel funds from wealthy investors to large corporations.

BTo provide financial services exclusively to government agencies.

CTo invest in high-risk, high-return ventures without considering social impact.

DTo mobilize financial resources for very low-income individuals and communities.

Answer:

D. To mobilize financial resources for very low-income individuals and communities.

Read Explanation:

  • Microfinance institutions specialize in serving those who are traditionally excluded from the formal banking sector, providing them with access to small loans, savings, and insurance.

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