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Village banking is a microcredit and saving methodology whereby financial services are administered locally in a community bank rather than in a centralized commercial bank. Village banking has its roots in ancient cultures and was most recently adopted for use by micro-finance institutions (MFIs) as a way to control costs.
Community banking is a form of empowerment-based economics which falls under the larger umbrella of micro-finance.Micro-finance as a whole is focused on the entrepreneurship of individuals, generally with a goal of lifting low-income or disadvantaged groups out of poverty and providing the means for them to prosper. [3]
A Revolving Loan Fund (RLF) is a source of money from which loans are made for multiple small business development projects. Revolving loan funds share many characteristics with microcredit, micro-enterprise, and village banking, namely providing loans to persons or groups of people that do not qualify for traditional financial services or are otherwise viewed as being high risk. [1]
FINCA is the innovator of the village banking methodology in microcredit and is widely regarded as one of the pioneers of modern-day microfinance. With its headquarters in Washington, D.C., FINCA is considered to be one of the most influential microfinance organizations in the world. [ 1 ]
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Solidarity lending involves collateral-free loans through solidarity groups and village organizations like this one in Bangladesh.. Solidarity lending is a lending practice where small groups borrow collectively and group members encourage one another to repay.
Nate Tice & Charles McDonald fire up the Foootball 301 fifth quarter with a look at four excellent games from Week 14's Sunday slate and one game that will have Chicago Bears fans wearing a bag ...
Kashf Foundation (Urdu: کشف فاؤنڈیشن) is a non-profit organization, founded by Roshaneh Zafar in 1996. [1] Kashf is regarded as the first microfinance institution (MFI) of Pakistan that uses village banking methodology in microcredit to alleviate poverty by providing affordable financial and non-financial services to low income households - particularly for women, to build their ...