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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This agreement will also enable Khushhali Microfinance Bank to issue PayPak debit cards to its account holders and help promote the domestic payment scheme.
The agreement was signed by Ghalib Nishter, CEO and President Khushhali Microfinance Bank and Mr.
Khushhali Microfinance Bank (KMBL) operates under the supervision of the State Bank of Pakistan (SBP).
This agreement is envisaged to play an important role towards achievement of financial inclusion goals defined in the National Financial Inclusion Strategy (NFIS) and Microfinance Growth Strategy 2020.
He has also been associated with Citibank in a regional level leadership role, a Middle Eastern Bank, as Chief Operating Officer, Standard Chartered Bank as Country Head, Commercial Banking and as the founding CEO of Pakistan Microfinance Investment Company.
Understanding all aspects of managing a business is essential to its success, and mentoring support can be a valuable aid in gaining this knowledge, according to Garrett Stokes, CEO of Microfinance Ireland.
The Microfinance NGOs Act aims to address poverty by supporting and working in partnership with qualified NGOs in promoting financially inclusive and pro-poor financial and credit services.
Globally, women are the main recipients of microfinance loans as they are better clients and payback loans on time.
This paper analyzes the role of microfinance in poverty alleviation and improving the living standard of poor households.
Ibrahim, President of the Microfinance Unit at the Central Bank of Sudan, explores how the model can work
Summary: Funding has always been a critical issue in the Islamic microfinance industry, says Muhammad Zubair Mughal, Chief Executive Officer of AlHuda Centre of Islamic Banking and Economics (CIBE)
M2 EQUITYBITES-February 13, 2015-New leaders join Microfinance CEO Working Group