Microcredit

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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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To date, more than 8,181 micro-credits have been granted to project holders located in 6 peri-urban and rural areas.
Moreover, some determinants, other than micro-credit not analyzed by Waheed, have been incorporated to explain the spread in income.
Keywords: Microfinance, Customer behavior, Micro-credit in Pakistan, Microfinance performance, Behavior intension.
They said the funds provided to PPAF for micro-credit are used for on-lending to Partner Organizations (POs) which provide micro-credit loans to individuals/communities following a demand driven approach.
In House Bill 1703, filed in the 15th Congress, its author Biazon said that the Land Bank of the Philippines should provide micro-credit financing to its clients.
The ranking of various dimensions of micro-credit is presented in Table 1, which shows that timely availability (mean=3.
As is common in many post-colonial states, people suspected his intentions to the extent that Sheikh Hasina and other politicians charged him of using Grameen bank and his micro-credit schemes for personal benefit.
Dhaka, Jan 13(ANI): The Bangladesh government has ordered an investigation into claims that Bangladeshi micro-credit pioneer Grameen Bank's Muhammad Yunus had wrongly diverted 100 million dollars of Norwegian aid money.
Summary: Micro-credit is witnessing a sustained development in Morocco, which is one of world leaders in the field of microfinance, Jacques Attali, founding president of the ONG PlaNet Finance, an international solidarity organization, has said.
Summary: Marrakech - Micro-credit is witnessing a sustained development in Morocco, which is one of world leaders in the field of microfinance, Jacques Attali, founding president of the ONG PlaNet Finance, an international solidarity organization, has said.
The Nurses Apron Partnership, a grassroots organization of RNs who have adopted the vintage aprons, authored a book, and are helping fund continuing and graduate education for the Kenyan nurses through micro-credit loans administered by Burning Bush, Inc.
New York, United States, Sep 23, 2009 - (ABN Newswire) - Grameen Trust of Bangladesh and Alibaba Group (HKG:1688)(PINK:ALBCF) have joined hands to create the Grameen China initiative, an effort to provide micro-credit financial services to China's poorest residents to create income generating opportunities and help lift them to a higher standard of living.