Microfinance in a sentence

Still, I took comfort from the stories of batchmates who joined microfinance institutions, especially those who were able to put their children through college and improve their lives with the help of microfinance.

Microfinance businesses could play a pivotal role in providing access to loans for these microentrepreneurs but the regulations that guide the implementation of the stimulus do not seem to make provision for microfinance businesses.

Bank of Ghana’s appointed receiver for the insolvent and dormant Microfinance Companies, Mr. Eric Nana Nipah, will however start paying depositors of the 347 insolvent microfinance companies whose claims have been validated and agreed from today.

I went to Uganda Microfinance Regulatory Authority and they were registered as a microfinance institution.

The bank process of getting the loans is still cumbersome as compared to the microfinance institutions, that is to say people prefer the microfinance institutions to the banks despite the higher interests.

While the microfinance sector is consequently becoming increasingly important, its development is hampered by a loose regulatory and supervisory framework for microfinance institutions (MFIs).

Head of India’s Microfinance Institutions Network, loan recovery in Andhra Pradesh reached an astonishing low of 10 percent during the crisis.

He assured the women, who are members of over 89 thrift associations in Kogi Central senatorial district, that the era of queuing and begging microfinance firms for unfavourable loans will soon be over.

That may be all according to the microfinance industry’s script for growth – but there is still no evidence that Cambodia’s borrowers will be among the beneficiaries.

The CBK is the main regulator of banks, microfinance institutions, and other financial institutions that accept deposits from the public.

The Financial Inclusion Fund seeks to strengthen the capacity of the EIB’s existing and prospective microfinance counterparts and reach out to typically disadvantaged groups of the population.

Even though this work is not the first effort to do so, it is specifically devoted to the gender focus, displaying some of the deeper dynamics that make microfinance possible.

Formal microfinance began with the Self-Help Group Bank Linkage Programme (SHG-BLP: 1992), where informal groups (10-15 women) are formally linked to banks through micro savings and loans, based on their regular meetings, savings and group-coherence.

He stressed that since the adoption of this technology, NPF Microfinance Bank has not found it easy.

Kinara Capital secured $24.4 million from Impact Investment Exchange (IIX) and BlueOrchard Microfinance Fund.

Money lenders are not allowed to accept savings or deposits under microfinance laws.

Mr. Yunus pioneered the concept of microfinance — lending to people too poor to get bank loans to help them find economic opportunities — and received the Nobel Peace Prize in 2006 for his work, along with Grameen Bank, the institution he founded in 1983.

The institutions include regular commercial banks, microfinance banks, mobile money operators, payment switching and processing companies, etc. You’ll find payout information in the table below, including withdrawal limits, duration and fees.

Accra, Feb. 20, GNA - President Nana Addo Dankwa Akufo-Addo has given the assurance that Customers of collapsed microfinance institutions, savings and loans companies would start receiving their monies very soon.

Governor Zulum directed the Secretary to the State Government to liaise with Borno state Microfinance Bank and come up with a scheme under which junior academic and non-academic staffs owned their personal houses.