Midland Microfin Limited Credit Executive Interview Questions and Answers

Credit refers to the ability of a borrower to receive funds from a lender with the promise of repayment with interest.

• Credit is a financial tool used to borrow money or obtain goods and services with the promise of repayment with interest

• Credit can be extended by banks, credit unions, and other financial institutions

• Credit scores are used to determine a borrower's creditworthiness and ability to repay loans

• Credit can b...read more

MFI stands for Microfinance Institution, which provides financial services to low-income individuals and small businesses.

• MFI offers small loans, savings accounts, insurance, and other financial services to people who lack access to traditional banking services.

• MFI aims to alleviate poverty and promote economic development by providing financial services to those who are excluded from the formal financial sector.

• MFI op...read more