Option 1: The statement says that the borrower should not have an annual income beyond a certain limit. This means that the borrower should have an income within a specific range to be eligible for a loan. This is a correct statement as microfinance companies often have income limits to ensure that loans are given to individuals who are socioeconomically in need of assistance.

Option 2: The statement says that the borrower should not seek a loan amount beyond a limit. This means that there is a maximum loan amount that can be borrowed from the microfinance company. This is a correct statement as microfinance companies have limits on the loan amount to manage their lending capacity and to ensure that borrowers can repay the loan.

Option 3: The statement says that the borrower should not refuse to offer collateral. This means that the borrower is required to provide some form of collateral against the loan. This statement is incorrect as microfinance loans are typically given without collateral, as many borrowers may not have valuable assets to offer as collateral.

Option 4: The statement says that the borrower should not refuse to pay any rate of interest offered. This means that the borrower is expected to accept any interest rate offered to them by the microfinance company. This is a correct statement as borrowers have to agree to