Microcredit
This article is specific to small loans, often provided in a pooled manner. For direct payments to individuals for specific projects, see Micropatronage. For financial services to the poor, see Microfinance. For small payments, see Micropayment.Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment, or a verifiable credit history. It is designed to support entrepreneurship and alleviate poverty. Many recipients are illiterate, and therefore unable to complete paperwork required to get conventional loans. As of 2009 an estimated 74 million people held microloans that totaled US$38 billion. Grameen Bank reports that …
WikipediaPublications
World Bank Group · 16 April 2024 English
This study of Kenya RuraI Enterprise Program (KREP)provides many insights into the process of developing and refining the microfinance operations of a development organization from a non-governmental organization (NGO) providing …
disburse only about 1,000 loans through its seven microcredit products over the period 1990-1994. Similarly … the world. It has conducted assessments of microcredit organizations on behalf of international funders … those borrowers that grow beyond the standard microcredit products. STEPS TO BANK FORMATION In 1995 … of GDP per capita. 7 KREP documents (1997 Microcredit Summit, Council of Practitioners, Institutional …
CEB: Council of Europe Development Bank · 9 April 2024 English
CEB Report of the Governor 2023 Report of the Governor 2023 CEB | Report of the Governor 2023 | a Cover photo: A resident from a displaced population settles into …
from the mainstream North Macedonia through microcredit banking system. In line with the Foundation’s … businesses. The CEB’s €2 million loan to Horizonti Microcredit Foundation aims to support employment and job … finance in France, particularly through ADIE’s microcredit lending products: (i) business microloans à l’Initiative … enterprises and the unemployed. North Macedonia Microcredit Partial financing of Horizonti’s lending activities …
World Bank Group · 5 April 2024 English
The 2022 Household Income and Expenditure Survey enhances fieldwork, data management, and information quality but poses comparability challenges with previous rounds. This study proposes a two-step process based on statistical …
remittances (%)*** 9.6% 11.1% Household receives microcredit (%)*** 38.7% 36.0% Household receives social … remittances (%)*** 11.0% 12.0% Household receives microcredit (%)*** 35.3% 33.1% Household receives social …
IADB: Inter-American Development Bank · 5 April 2024 English
In the wake of a robust economic recovery from the COVID-19 pandemic in 2021 and 2022, Latin America and the Caribbean (LAC) now face a less promising growth outlook for …
entrepreneurship training and credit, including microcredit, focusing primarily on micro and small-scale …
World Bank Group · 4 April 2024 English
The 2022 Household Income and Expenditure Survey enhances fieldwork, data management, and information quality but poses comparability challenges with previous rounds. This study proposes a two-step process based on statistical …
remittances (%)*** 9.6% 11.1% Household receives microcredit (%)*** 38.7% 36.0% Household receives social … remittances (%)*** 11.0% 12.0% Household receives microcredit (%)*** 35.3% 33.1% Household receives social …
World Bank Group · 2 April 2024 English
Innovative women entrepreneurs can be agents of change and offer novel solutions to global challenges. However, they face multiple barriers to growing their businesses. This paper reviews the literature on …
2019). 4.1 Traditional microcredit The traditional microcredit lending model focuses on providing … business. More recent studies indicate that microcredit, if targeted appropriately, can have significant … business operations before the expansion of microcredit in their area (Banerjee et al. 2019, Chernozhukov … Zinman. 2015. “Six Randomized Evaluations of Microcredit: Introduction and Further Steps.” American Economic …
World Bank Group · 2 April 2024 English
Significant progress on energy access has been made in recent years, with the number of people living without electricity dropping from 1.2 billion in 2010 to 840 million in 2017. …
Partnering with local finance institutions such as microcredit organizations to help female sales agents access …
IMF: International Monetary Fund · 29 March 2024 English
Combining administrative data on credit, internet penetration and a land reform in Rwanda, this paper shows that the complementarity between technology and law can overcome financial frictions. Leveraging quasi-experimental variation …
banking has gradually reduced the reliance on microcredit. This shift can be attributed to several factors … facilitate the transition from an informal microcredit system to a formal and well-structured banking … which smooths the transition from an informal microcredit sector to a formal and well-developed banking … F. Silva (2023): “Serving the Underserved: Microcredit as a Pathway to Commercial Banks,” Review of …
IMF: International Monetary Fund · 27 March 2024 English
Selected Issues
informal economy through training and access to microcredit programs. Table 1. Angola: Gender Equity–Policy …
World Bank Group · 27 March 2024 English
This paper examines the role of firm dynamics in aggregate total factor productivity, job flows, and wage inequality in Ecuador. Utilizing a comprehensive employer-employee dataset, the paper documents firm dynamics …
sales between USD 100,000 and USD 1 million. The Microcredit – Expanded Accumulation interest rate corresponds … sales between USD 20,000 and USD 100,000. The Microcredit – Simple Accumulation interest rate corresponds … sales between USD 5,000 and USD 20,000. The Microcredit – Retail interest rate corresponds to firms with …