Microfinance


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Microfinance

Any mode of finance designed to provide low-income individuals with the means to become self-sufficient.  Microfinance institutions issue small loans to those marginalized from normal modes of finance with the intention of helping the poor prosper by allowing them to save or borrow money. See: Microcredit
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The theme of this year's competition was the provision of microfinance services in post-disaster, post-conflict areas, and in fragile states.
There are more than 300 Islamic microfinance institutions (IMFIs)working in 32 countries of the world but funding has always been a critical issue in the Islamic microfinance industry.
Apna Bank (former Network Microfinance Bank) was a district based microfinance bank (MFB) operating in Karachi with five branches, said SBP statement here on Wednesday.
The central bank of Kenya has given its approval for Choice Microfinance Bank to conduct microfinance business in Kenya.
The Microfinance CEO Working Group has worked hard to foster a diverse, collaborative and honest platform for advancing our industry's mission to reach the 2.
Lafayette Microfinance Bank seeks to offer simple yet effective financial services to MSMEs that have limited or no access to formal banking services" said Zine Otmani, Managing Director, La Fayette Microfinance Bank.
The facility is expected to graduate smaller MFBs/ MFIs to avail credit lines from commercial banks/ DFIs for onward lending to microfinance clients, says a statement issued here Wednesday.
The minister praised, when she launched Tuesday at the Sudanese Banks' Union Hall which a study prepared by the Women and Family Department at the ministry in collaboration with the United Nations on the Policies and Social Impacts of Microfinance on Women, the role of the institutions working in the field of microfinance.
BEIRUT: The launch Wednesday of a new microfinance association that gathers non-governmental organizations and financial institutions under one umbrella will minimize cross-lending practices in this sector, microfinance experts said Wednesday.
Having heard about the Al-Amal Microfinance Bank (AMB), which was established in 2009 to run micro enterprises, Bashir Al-Haj headed for one of the AMB's branches in Sana'a with the hope of getting a loan.
Across countries and methodologies, microfinance is most likely to have a short-term positive effect; regionally, the most positive impacts are seen in Africa.
2% of the MENA region's gross domestic product, and lending by microfinance providers reaches only 1.