Why is there a need for organization like opportunity intern

THINKING IT OVER 1. Why is there a need for organizations like Opportunity International? Can\'t poor people get loans from banks and other sources? sary for a free-market system to operate. ism and a mixed economy? Which model is 2. Identify the four major requirements neces- 3. What is the main difference between capital- used in the United States? notes

Solution

1. There is need for opportunity interantional to help the poor getting loan to make themselves profitable. These types of organizations give microloans to poor. Banks are profitable entities they give higher amounts of loans to make more profit and therefore they are not generally interested in lending microloans as they are of low amounts and are not such profitable. And also banks give loans on the basis of some security or mortgage. Poor people does not have such kind of things to mortgage so it is very difficult for them to get loans from banks or other sources. Thus there is a need for opportunity international as they give microloans with no security and on low interest rates.