CGT E 2009-52

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Topic updated on 08/23/2017 04:28pm

In an attempt to evaluate the impact of MF on micro-enterprises, a survey was carried out on utilization of profit among the clients and the data obtained are presented in the table below. Which of the following statements is not correct based on the information provided ?

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Answers

As food is the major basic need, approximately 85% of the clients used part of their profits to
buy food.
Profits were also used to meet other basic . like health, education and to some extent clothing.
About 36% of the clients used part of their profits to deposit as savings.
About 30% of clients used part of their profit for reinvestment.
MF through small enterprises helps to raise the living standards among the low income families to a certain extent.

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CGT E 2009-52

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