Also found in: Dictionary, Financial, Wikipedia.


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
..... Click the link for more information.
The Columbia Electronic Encyclopedia™ Copyright © 2013, Columbia University Press. Licensed from Columbia University Press. All rights reserved. www.cc.columbia.edu/cu/cup/
References in periodicals archive ?
The Board warmly welcomes Mudassar and is confident that the bank will continue to thrive and lead the microfinance and digital financial services sector in the country.'
On the other hand, the National Capital Region (NCR) booked the fastest growth in microfinance loans with 165 percent to P2.41 billion last year for a 10.6 percent share.
PMN aims to leverage the capabilities of Telenor Microfinance Bank's branchless banking solutions to power its Digital Services Platform that will offer digital payments services in a shared hosting environment.
Since C Square is an expert in customer experience management, our collaboration with it marks yet another important initiative taken by the microfinance bank to provide enhanced customer experience.
Not only will it enable the bank to utilize additional capital with flexibility as it grows, the debt amount will also contribute towards U Bank's Supplementary/ Tier 2 Capital for Capital Adequacy Ratio (CAR) as per the guidelines for Microfinance banks that are set out by State Bank of Pakistan (SBP).
'Microfinance, financial inclusion and poverty alleviation go hand in hand,' he emphasised.
Speaking on the occasion, Khushhali Microfinance Bank President and CEO Ghalib Nishtar said 'Being Pakistan's first and largest microfinance bank, we are on a mission to facilitate an environment where microfinance can prosper in the country.
The agreement was signed by Ghalib Nishter, CEO and President Khushhali Microfinance Bank and Najeeb Agrawalla, CEO 1LINK.
24 (BNA): Chief Executive Officer (CEO) of Al Ebdaa Bank for Microfinance, Dr.
It is for this reasons that the Grameen Bank scheme operated by the Nobel laureate, Professor Muhammad Yunus in Bangladesh from 1976 emerged as a prototype for the World of Microfinance. In order to enhance the flow of financial services to the poor, Nigeria along with other developing nations adopted microfinance as a tool for poverty reduction.
10 (SUNA) - The Minister of Finance and Economic Planning Badr-Eddin Mahmoud has affirmed state's concern with the integration of microfinance projects into the economic programs, projects and activity of the state as well as the development of the microfinance regulatory framework .