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Microcredit

Index Microcredit

Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment, or a verifiable credit history. [1]

74 relations: Accion International, Accion U.S. Network, Akhtar Hameed Khan, Association for Social Advancement, Bangladesh, Bank Rakyat Indonesia, Bertrand Moingeon, BRAC (organization), CARE (relief agency), Caste, Catholic Relief Services, Collateral (finance), Comilla Model, Compartamos Banco, Compassion International, Cooperative banking, Count Me In (charity), Credit history, Crowdfunding, Crowdsourcing, Dean Karlan, Economies of scale, Esther Duflo, Feminization of poverty, Flat rate (finance), Friedrich Wilhelm Raiffeisen, Germany, Grameen America, Grameen Bank, Harvard Institute for International Development, India, Individualist anarchism, International Fund for Agricultural Development, International Year of Microcredit, Jonathan Swift, Kiva (organization), Loan, Lysander Spooner, M-Pesa, Microcredit for water supply and sanitation, Microfinance, Microgrant, Microloan Foundation, Micropayment, Muhammad Yunus, National Bank for Agriculture and Rural Development, Neoliberalism, Nobel Peace Prize, Non-governmental organization, Oikocredit, ..., Opportunity International, Oxfam, PBS, Peer-to-peer lending, Pierre Omidyar, Private sector development, Pro Mujer, Project Enterprise, Self-employment, Self-help group (finance), Solidarity lending, Starr-Bowkett Society, Tearfund, Tufts University, Unintended consequences, United Nations, United Prosperity (organisation), United States, Vittana, Women's Development Bank, Women's World Banking, World Vision International, Yale University, Zidisha. Expand index (24 more) »

Accion International

Accion International is a global nonprofit organization that supports microfinance institutions in their work to provide financial services to low-income clients.

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Accion U.S. Network

The Accion U.S. Network is an American nonprofit microfinance organization headquartered in New York, NY.

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Akhtar Hameed Khan

Akhter Hameed Khan (اختر حمید خان, pronounced; 15 July 1914 – 9 October 1999) was a Pakistani development practitioner and social scientist.

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Association for Social Advancement

The non-governmental organisation based in Bangladesh which provides microcredit financing.

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Bangladesh

Bangladesh (বাংলাদেশ, lit. "The country of Bengal"), officially the People's Republic of Bangladesh (গণপ্রজাতন্ত্রী বাংলাদেশ), is a country in South Asia.

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Bank Rakyat Indonesia

PT Bank Rakyat Indonesia (Persero) Tbk (People's Bank of Indonesia, commonly known as BRI or Bank BRI) is one of the largest banks in Indonesia.

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Bertrand Moingeon

Bertrand Moingeon (born August 24, 1964), Professor of Strategic Management at HEC Paris since 1992, has had a dual career, both in academia and in management.

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BRAC (organization)

BRAC, an international development organisation based in Bangladesh, is the largest non-governmental development organisation in the world, in terms of number of employees as of September 2016.

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CARE (relief agency)

CARE (Cooperative for Assistance and Relief Everywhere, formerly Cooperative for American Remittances to Europe) is a major international humanitarian agency delivering emergency relief and long-term international development projects.

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Caste

Caste is a form of social stratification characterized by endogamy, hereditary transmission of a lifestyle which often includes an occupation, status in a hierarchy, customary social interaction, and exclusion.

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Catholic Relief Services

Catholic Relief Services (CRS) is the international humanitarian agency of the Catholic community in the United States.

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Collateral (finance)

In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan.

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Comilla Model

The Comilla Model was a rural development programme launched in 1959 by the Pakistan Academy for Rural Development (renamed in 1971 the Bangladesh Academy for Rural Development).

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Compartamos Banco

Compartamos Banco is a Mexican bank and the largest microfinance bank in Latin America, serving more than 2.5 million clients.

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Compassion International

Compassion International is a Christian humanitarian aid child sponsorship organization dedicated to the long-term development of children living in poverty around the world.

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Cooperative banking

Cooperative banking is retail and commercial banking organized on a cooperative basis.

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Count Me In (charity)

Count Me In (full name: Count Me In for Women's Economic Independence) is a charitable organization that provides financial assistance, business coaching and consulting services to woman-owned businesses.

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Credit history

A credit history is a record of a borrower's responsible repayment of debts.

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Crowdfunding

Crowdfunding is the practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet.

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Crowdsourcing

Crowdsourcing is a sourcing model in which individuals or organizations obtain goods and services.

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Dean Karlan

Dean S. Karlan is an American development economist.

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Economies of scale

In microeconomics, economies of scale are the cost advantages that enterprises obtain due to their scale of operation (typically measured by amount of output produced), with cost per unit of output decreasing with increasing scale.

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Esther Duflo

Esther Duflo, FBA (born 25 October 1972) is a French American economist, Co-Founder and Director of the Abdul Latif Jameel Poverty Action Lab (J-PAL), and Professor of Poverty Alleviation and Development Economics at the Massachusetts Institute of Technology.

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Feminization of poverty

Feminization of poverty refers to the high and rising share of and among the world's poor.

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Flat rate (finance)

Flat interest rate mortgages and loans calculate interest based on the amount of money a borrower receives at the beginning of a loan.

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Friedrich Wilhelm Raiffeisen

Friedrich Wilhelm Raiffeisen (30 March 1818 – 11 March 1888) was a German mayor and cooperative pioneer.

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Germany

Germany (Deutschland), officially the Federal Republic of Germany (Bundesrepublik Deutschland), is a sovereign state in central-western Europe.

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Grameen America

Grameen America is a 501(c)(3) nonprofit microfinance organization based in New York City.

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Grameen Bank

The Grameen Bank (গ্রামীণ বাংক) is a microfinance organisation and community development bank founded in Bangladesh.

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Harvard Institute for International Development

The Harvard Institute for International Development (HIID) was a think-tank dedicated to helping nations join the global economy, operating between 1974 and 2000.

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India

India (IAST), also called the Republic of India (IAST), is a country in South Asia.

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Individualist anarchism

Individualist anarchism refers to several traditions of thought within the anarchist movement that emphasize the individual and their will over external determinants such as groups, society, traditions and ideological systems.

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International Fund for Agricultural Development

The International Fund for Agricultural Development (IFAD) (French: Fonds international de développement agricole; FIDA) (Italian: Fondo Internazionale per lo Sviluppo Agricolo) is an international financial institution and a specialised agency of the United Nations dedicated to eradicating poverty and hunger in rural areas of developing countries.

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International Year of Microcredit

International Year of Microcredit is a special event of the United Nations which took place in the year 2005.

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Jonathan Swift

Jonathan Swift (30 November 1667 – 19 October 1745) was an Anglo-Irish satirist, essayist, political pamphleteer (first for the Whigs, then for the Tories), poet and cleric who became Dean of St Patrick's Cathedral, Dublin.

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Kiva (organization)

Kiva Microfunds (commonly known by its domain name, Kiva.org) is a 501(c)(3) non-profit organization that allows people to lend money via the Internet to low-income entrepreneurs and students in over 80 countries.

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Loan

In finance, a loan is the lending of money by one or more individuals, organizations, and/or other entities to other individuals, organizations etc.

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Lysander Spooner

Lysander Spooner (January 19, 1808 – May 14, 1887) was an American political philosopher, essayist, pamphlet writer, Unitarian, abolitionist, legal theorist, and entrepreneur of the nineteenth century.

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M-Pesa

M-Pesa (M for mobile, pesa is Swahili for money) is a mobile phone-based money transfer, financing and microfinancing service, launched in 2007 by Vodafone for Safaricom and Vodacom, the largest mobile network operators in Kenya and Tanzania.

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Microcredit for water supply and sanitation

Microcredit for water supply and sanitation is the application of microcredit to provide loans to small enterprises and households in order to increase access to an improved water source and sanitation in developing countries.

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Microfinance

Microfinance initially had a limited definition - the provision of microloans to poor entrepreneurs and small businesses lacking access to banking and related services.

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Microgrant

There are three primary types of microgrants; one is a small sum of money (~US$50-500) granted to an individual to start an income-generating project, another is a small grant (~$2,000-$10,000) to a community for an impact-oriented projects and a third is a small grant to an individual for any cause they see fit.

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Microloan Foundation

The MicroLoan Foundation is a UK-based microfinance charity that gives small business loans to women in Malawi and Zambia in Southern Africa.

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Micropayment

A micropayment is a financial transaction involving a very small sum of money and usually one that occurs online.

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Muhammad Yunus

Muhammad Yunus (মুহাম্মদ ইউনূস; born 28 June 1940) is a Bangladeshi social entrepreneur, banker, economist, and civil society leader who was awarded the Nobel Peace Prize for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance.

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National Bank for Agriculture and Rural Development

National Bank for Agriculture and Rural Development (NABARD) is an apex development financial institution in India, headquartered at Mumbai with regional offices all over India.

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Neoliberalism

Neoliberalism or neo-liberalism refers primarily to the 20th-century resurgence of 19th-century ideas associated with laissez-faire economic liberalism.

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Nobel Peace Prize

The Nobel Peace Prize (Swedish, Norwegian: Nobels fredspris) is one of the five Nobel Prizes created by the Swedish industrialist, inventor, and armaments manufacturer Alfred Nobel, along with the prizes in Chemistry, Physics, Physiology or Medicine, and Literature.

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Non-governmental organization

Non-governmental organizations, nongovernmental organizations, or nongovernment organizations, commonly referred to as NGOs, are usually non-profit and sometimes international organizations independent of governments and international governmental organizations (though often funded by governments) that are active in humanitarian, educational, health care, public policy, social, human rights, environmental, and other areas to effect changes according to their objectives.

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Oikocredit

Oikocredit (in full Oikocredit, Ecumenical Development Cooperative Society U.A.) is a cooperative society that offers loans or investment capital for microfinance institutions, cooperatives and small and medium-sized enterprises in developing countries.

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Opportunity International

Opportunity International is a 501(c)(3) nonprofit organization that is working to end global poverty by creating and sustaining jobs.

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Oxfam

Oxfam is a confederation of 20 independent charitable organizations focusing on the alleviation of global poverty, founded in 1942 and led by Oxfam International.

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PBS

The Public Broadcasting Service (PBS) is an American public broadcaster and television program distributor.

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Peer-to-peer lending

According to some finance regulators, while a legal definition of Peer-to-Peer P2P Lending is not yet in existence, the World Intellectual Property Organization (WIPO), the United States Patent and Trademark Office (USPTO) the Canadian Intellectual Property Office (CIPO) and the United States Government Accountability Office (GAO) acknowledge that Peer-to-Peer (P2P) Lending (synonymous with the term Person-to-Person Lending, "Private Lending", "Cryptolending"), also known as P2P Lending is the "practice of lending/investing or borrowing money from one private individual (or person) to another private individual (or person).

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Pierre Omidyar

Pierre Morad Omidyar (پیر مراد امیدیار, born June 21, 1967) is a French-American billionaire entrepreneur and philanthropist of Iranian parentage.

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Private sector development

Private Sector Development (PSD) is a term in the international development industry to refer to a range of strategies for promoting economic growth and reducing poverty in developing countries by building private enterprises.

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Pro Mujer

Pro Mujer is a nonprofit development organization that provides financial inclusion, health and education programs to low-income women in Latin America.

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Project Enterprise

Project Enterprise is a microfinance nonprofit organization in New York City providing entrepreneurs from underserved areas with loans, business training and networking opportunities.

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Self-employment

Self-employment is the state of working for oneself rather than an employer.

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Self-help group (finance)

A self-help group (SHG) is a village-based financial intermediary committee usually composed of 10–200 local women or men.

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Solidarity lending

Solidarity lending is a lending practice where small groups borrow collectively and group members encourage one another to repay.

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Starr-Bowkett Society

A Starr-Bowkett Society was a co-operative, non-profit financial institution that provided interest-free loans to its members and operated on the principle of mutual self-help, as espoused in 1843 by Dr T. E. Bowkett.

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Tearfund

Tearfund is a UK Christian relief and development agency based in Teddington.

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Tufts University

Tufts University is a private research university incorporated in the municipality of Medford, Massachusetts, United States.

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Unintended consequences

In the social sciences, unintended consequences (sometimes unanticipated consequences or unforeseen consequences) are outcomes that are not the ones foreseen and intended by a purposeful action.

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United Nations

The United Nations (UN) is an intergovernmental organization tasked to promote international cooperation and to create and maintain international order.

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United Prosperity (organisation)

United Prosperity is a not-for-profit Web-based microcredit organisation.

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United States

The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

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Vittana

Vittana was a non-governmental organization that allowed people to lend money via the Internet to students in the developing world.

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Women's Development Bank

The Women's Development Bank (Spanish: Banco Nacional de la Mujer or Banmujer), was established in Venezuela in 2001 to remedy the political, economic, and social disadvantages faced by women.

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Women's World Banking

Women’s World Banking (WWB) is a nonprofit organization that provides strategic support, technical assistance and information to a global network of 40 independent microfinance institutions (MFIs) and banks that offer credit and other financial services to low-income entrepreneurs in the developing world, with a particular focus on women.

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World Vision International

World Vision International is an Evangelical Christian humanitarian aid, development, and advocacy organization.

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Yale University

Yale University is an American private Ivy League research university in New Haven, Connecticut.

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Zidisha

Zidisha is a 501(c)(3) non-profit organization that allows people to lend small amounts of money directly to entrepreneurs in developing countries.

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Micro credit, Micro credits, Micro lending, Micro loan, Micro loans, Micro-credit, Micro-lenders, Micro-lending, Micro-loan, Microcredits, Microlending, Microloan, Microloans, Solidarity circle.

References

[1] https://en.wikipedia.org/wiki/Microcredit

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