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The Africa Microfinance Network (AFMIN) is an association of microfinance networks in Africa resulting from an initiative led by African microfinance practitioners to create and strengthen country-level microfinance networks for the purpose of establishing shared performance standards, institutional capacity and policy change.
Journal of Microfinance, a forum for practitioners in microfinance and microenterprise development to exchange information and ideas; Omidyar-Tufts Microfinance Fund, a partnership between Pierre Omidyar and Tufts University. "Microfinance in the U.S." Helping ensure egalitarian access to needed financial services.
This micro-credit system has been proven to work over and over again with minor variances on the major principles. In 1987 [ 1 ] a Grameen program opened up in a country other than Bangladesh – Malaysia – and soon micro-credit banks based on the Grameen bank appeared in countries such as the Philippines, India, Nepal, Vietnam, China, Latin ...
Village bank loans typically use market interest rates. A 2006 study of 71 microfinance institutions engaged in village banking found an average portfolio yield of 27.7%, after adjusting for local inflation. [8] The village bank itself will usually mark up this rate when it on-lends to individual members.
FINCA International is a non-profit, microfinance organization, founded by John Hatch in 1984. FINCA is the innovator of the village banking methodology in microcredit and is widely regarded as one of the pioneers of modern-day microfinance.
Community banking is closely linked to tenets of both social work in general and community organizing in particular, wherein each person is regarded with dignity and seen as a force for change. It is generally initiated and organized by the collective rather than an outside institution (as is the case in more traditional models), and thus ...
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Kiva distributes funds that it receives to microfinance institutions, social impact businesses, schools or non-profit organizations [5] [6] and does not generally directly provide funds to specific individuals. [7] These organizations are charged fees by Kiva and borrowers pay interest on most loans. [8]