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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In December 2008, MBK Ventura was ranked number one among 1,300 microfinance institutions registered with the Mixmarket, the microfinance database of the World Bank.
Through the project, together with the advisory services, IFC s investment aims to support FFMCL to expand into the untapped market and reach underserved clients, strengthen its risk management strategy and become sustainable microfinance institution.
2 times on average to raise $44 million in total commercial financing for its partner microfinance institutions.
The Firm Will Serve as a Conduit between Capital Market Investors and Social Entrepreneurs Focused on Creating Social and Financial Value for Investors, Microfinance Institutions, Social Enterprises, and the Communities They Serve.
EcoMicro, a program that works with microfinance institutions to develop green financial products in Latin America and the Caribbean, has been awarded a 2014 UNFCCC Momentum for Change - Lighthouse Activity Award by the United Nations Framework Convention on Climate Change.
It also sets a new benchmark for other microfinance institutions that have robust systems and high levels of transparency.
IFC provided its first local currency loan to FINCA UCO in 2013, enabling the microfinance institution to finance as many as 3,000 clients, up to 40 percent of who were women entrepreneurs.
85m to the Association for Social Advancement (ASA), a microfinance institution in Bangladesh.
Morgan Stanley and Women's World Banking host conference, drawing participants from nearly 50 microfinance institutions
Al Majmoua has been operating since 1994 and is Lebanon s biggest microfinance institution.
Such micro-financing will encourage the development of affordable and efficient renewable energy systems, not only for the quarter-million ESAF clients, but throughout a network of microfinance institutions in India.
The AlHuda Center of Islamic Banking and Economics (CIBE) has also established a crowdfunding system which is available to integrate with any Islamic Microfinance institution.