microfinance

(redirected from Microfinance institution)
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microfinance:

see microcreditmicrocredit,
the extension to individuals of small loans to be used for income-generating activities that will improve the borrowers' living standards. The borrowers, most of whom usually are poor women, do not qualify for a conventional bank loan, and the loans, which may be as
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References in periodicals archive ?
Proparco representative mentioned that Proparco had been a long-term supporter of microfinance institutions in order to develop financial inclusion in developing and emerging countries.
It was also expensive for the microfinance institution to send the staff at the place where the group resides.
SDI of 0 shows that a microfinance institution is sustainable or we can say that the MFI is capable of covering all the subsidies (on borrowed funds) from its profit.
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.
The IFC notes that these consulting firms were also very successful in attracting investment in their holdings by development finance institutions, including the AfDB, EIB, IFC, and KfW; the holding companies are Access, Advans, Swiss Microfinance, ProCredit, and Microcred, and are reflected in the names of their microfinance institutions.
Founded in 2009 by Luca Torre and Agustin Victorica, it currently co-manages the GAWA Microfinance Fund - a $ 28 million fund investing in microfinance institutions and supporting companies.
An estimated fifteen microfinance institutions in southern Indiahave expressed an interest in being involved with the new program.
Grameen-Jameel, a social business that serves the Arabmicrofinance industry, has announced it has facilitated a multi-million dollar credit facilityfor the First Microfinance Institution (FMFI) Syria, part of the Aga Khan Agency for Microfinance (AKAM), to help improve the lives of 2,700 underprivileged Syrians through credit, deposits and other financial services.
The EBRD and Albanias largest microfinance institution Fondi BESA have strengthened their cooperation with the release of the second tranche of a 5 million loan under the Albania Agribusiness Support Facility.
Opportunity International has entered into a share purchase agreement to sell a majority stake of its microfinance institution in Kinshasa, Democratic Republic of Congo (DRC) to VisionFund International, World Vision's microfinance arm, the organization said.
The European Bank for Reconstruction and Development (EBRD) is increasing its support to micro and small enterprises (MSEs) in Tunisia by granting a loan of 11 million dinars (equivalent to EUR 5 million) to Enda Inter-Arabe, the oldest microfinance institution in Tunisia.
It was the first company to obtain financial leverage on a guarantee in Egypt for its partner, Dakahlya Businessmen's Association for Community Development, and the first to facilitate a commercial debt facility in Syria for First Microfinance Institution.