"Peer borrowing groups of five or so people with joint liability approve loans to other members as a substitute for the bank's screening process". The above statement applies to

"Peer borrowing groups of five or so people with joint liability approve loans to other members as a substitute for the bank's screening process".

The above statement applies to



a. Indonesia's Badan Kredit Kecamatan (BKK).
b. the Association for Development of Microenterprise.
c. Bangladesh's Grameen Bank.
d. the Enterprise Credit Program in Kolkata.


Answer: C


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