Microcredit

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Related to Micro-Credits: Microfinance

Microcredit

A form of lending that originated in the 1970s with small loans made to very small enterprises in Bangladesh, called micro-enterprises, with the intention of alleviating high poverty levels. Microfinance institutions (MFIs) issue micro-loans that have higher-than-normal interest rates meant to cover the high costs associated with issuing small loans. Given that the purpose of microcredit is to be a poverty relief mechanism, individuals with low credit scores who lack capital and steady employment are then able to receive loans to develop their enterprises. See: Microfinance

Microcredit

The practice of making loans to extremely poor persons to help them rise from poverty through entrepreneurship. That is, one may make a loan of, say, $25 which gives someone the start-up capital necessary to make something small to sell. Microcredit loans are usually either interest-free or carry interest that does not compound. Additionally they offer flexible repayment plans; generally one is asked to pay anything one can so long as one pays something. Microcredit is most common in the developing world; it started in Bangladesh in the 1970s. See also: Grameen Bank, Mohammed Yunus.
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Ces micro-credits sont repartis entre le secteur agricole (40,9%), les petits metiers (14,7%), le commerce (22,6%), l'amelioration des conditions de vie (9,1%), les services (7,8%) et l'artisanat (4,9%).
When asked how the Orangi Charitable Trust (OCT) was different from Grameen Bank, Arif Hasan said, "it was started at a time when there was no micro-credit programme in Pakistan and Akhtar Hameed Khan was clear on not taking any loan from outside.
The object of the micro-credits exercise was to provide finance that could be repaid and would enable other people to benefit.
To date, she has received 6,000 pesos in micro-credits from the Mexico City government, and it appears that additional funding is on the way.
Thanks to an adapted micro-credit offer, Taysir offers a quick solution to the stock or investment needs of micro-entrepreneurs with amounts ranging from 500 to 20,000 dinars.
Parliamentary commission for $21 million sponsorship from Kumtor deemed illegal allocation of micro-credits by the government without agreement of the Parliament and asked to transfer funds back to state budget, said Chairman of the Commission, MP Ravshan Zheenbekov on June 18, 2012 to Tazabek.
The first agreement amounting to 50 million dinars will be towards financing the integrated agricultural development projects in the El Kef and Kasserine regions and the second agreement is for support programme to micro-credits given by the Tunisian Solidarity Bank.
Summary: The National Agency for Micro-credits Management (ANGEM) adopts, under its new strategy, ''quality-based funding'' of, said Sunday in Laghouat (400km south-west of Algiers), an official of the employment supporting agency.
Cette nouvelle carte permettra aux clients Enda de beneficier de plusieurs services digitaux via mobile a savoir l'encaissement et le paiement de leurs micro-credits ainsi que le retrait d'argent.
MobiPoste" offers many mobile services to citizens including GSM recharge, credit, transfer of money, cash money orders nationwide, cash Western Union transfers, bill payment, micro-credits payment with micro-finance institutions and micro-insurance premiums payment, in the case of micro-health insurance for students.
Mahdi Jomaa a declare aux chaines al Wataniya 1 et Nessma TV que la priorite du Gouvernement sur le plan economique est d'activer les projets bloques au niveau regional qui sont de l'ordre de 250 projets , et de booster les micro-credits qui sont generateurs d'emploi .
The government intends to initiate a law establishing upper limit of interest rates on micro-credits, said Prime Minister of Kyrgyzstan Omurbek Babanov during the meeting with residents of Uzgen district in the framework of his business trip to Osh region on May 17, reported Tazabek.