Microfinance Refers to

Microfinance refers to

A) the practice of offering small,collateral-free loans to individuals who otherwise would not have access to the capital necessary to begin small businesses or other income-generating activities in exchange for a percentage of future profits rather than repaying of loans.
B) the lending of money contingent upon a daily accounting of all expenditures made and all income generated.
C) the day-to-day expenses such as coffee for the office,flowers for anniversaries,etc.that are considered too small to be itemized.
D) the practice of offering small,collateral-free loans to individuals who otherwise would not have access to the capital necessary to begin small businesses or other income-generating activities.
E) the expenditures within an individual household assigned to each individual family member whether they personally generate income or not.

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