microfinance


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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 ?
In his opening remarks, European Investment Bank President Werner Hoyer emphasised that: Microfinance is a powerful tool for helping local communities increase their resilience even under the most difficult circumstances.
Unfortunately, western donors are reluctant to provide funding to the Islamic microfinance industry which is diminishing its potential growth.
After completion of all the relevant formalities by the bank, SBP has issued a nationwide microfinance Banking license to Apna MFB to operate at national level microfinance bank limited (former Network Microfinance Bank Limited-operating in the District of Karachi).
In a statement, the central bank said, 'The Central Bank of Kenya (CBK) has granted a licence to Choice Microfinance Bank Limited to carry out community microfinance banking business.
In early 2011, an informal group of industry leaders met to discuss the state of the microfinance sector as it matures and encounters new challenges.
Lafayette Microfinance Bank Nigeria was created in 2012 and started operating in Oyo state Nigeria in February 2013.
It may be recalled that the Microfinance Credit Guarantee Facility is a credit enhancement facility to attract marketbased and longterm finance for microfinance institutions.
The minister stressed that the strategy approved by the State gave women 50% of total size of microfinance, pointing out that the Central Bank of Sudan admitted that the percentage is currently only 25% of the size of the targeted funding, praising the great success achieved by women in the field of microfinance, commending the study and its outputs, stressing pressing forward in evaluating the impact of social projects for women to empower them politically, socially and economically.
Through the Lebanon Investment in Microfinance, the International Executive Service Corps is helping to build the capacity of microfinance institutions and providing capital through grants that create jobs and promote economic growth in Lebanon.
In this dire economic environment, microfinance has become increasingly prevalent in Yemen since it kicked off in 1997.
Better off households tend to benefit more from microfinance initiatives than poorer ones.
Historically, most MENA microfinance programmes date from the mid-1990s, but the sector has made little headway in the region.