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GROUP DETAILS
Created: Sep 01, 2008
Updated: Jul 05, 2009
Membership: Open
Public
All Areas of Focus » Business and Economics »
Microfinance
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Definition:
Microfinance refers to the provision of financial services to clients who are excluded from the traditional financial system on account of their lower economic status. These financial services will most commonly take the form of loans (see microcredit) and micro-savings, though some microfinance institutions will offer other services such as micro-insurance and payment services.
Keywords:
[keywords:microfinance, microlending, microcredit, access to capital, financial services to the poor, collateral, credit as a human right, poverty reduction, financial sustainability, financial empowerment, economic independence, social capital, business, economics, credit societies, debt, credit union, Grameen Bank, micro credit, micro loans, micro franchising
Key People: Muhammad Yunus, Bill Drayton |
 "I did something that challenged the banking
world. Conventional banks look for the rich; we look for the absolutely
poor. All people are entrepreneurs, but many don't have the opportunity
to find that out." -Muhammad Yunus
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Passionate about microfinance? Have a pressing question for debate? Discuss the issues with like-minded people here! |
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| Muhammad Yunus: Creating a Poverty-Free World (preview) |
Comments (1 - 2 of 2)
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Flag comment for removal peterclarke 4 months ago
I am looking for information about gaining micro finance for farmers in Laos.
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we have 10000 free dvds to give away on collaboration wishes of Muhammad Yunus and team - rsvp chris.macrae@yahoo.co.uk">chris.macrae@yahoo.co.uk if you know of a group who would like to review these and join in forming microsummits and other action initiatives at http://yunus10000.com
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