...The microfinance industry has off-late been in the limelight and rightfully so, for its contribution to the various economies of the world. Microfinance has a much longer history than what is usually recognized. Delving in to the history of the origin of microfinance, it can be seen that microfinance at the institutional level developed directly from the conventional money lenders but without the negativities involved therein. Microfinance, as an institution has its origin probably in the Hui in China, Chit funds in India, Arisan in Indonesia and the Paluwagan of the Philippines and the like. Surprisingly, microfinance plays a critical role even in countries as developed as Germany where they control approximately 50% of banking assets and reach to more than 90% of the population. Microfinance is definitely not something that has come recently but has a very long history, probably going into the 18th century. It is that, only off-late microfinance has been formalized, regulated and controlled. It is almost since the 16th and the 17th centuries that microfinance is juxtaposed to commercial and pilot banking. Microfinance is a powerful intermediation between micro savings and micro credit. Microfinance, over a period of time has taught a number of powerful lessons. First among these lessons is the fact that local initiatives based on the concept of self-help are tremendously powerful and can initiate change that can actually bring out a large number of people from...
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...Shannen Amanda Dinata BUMT 4910 Dr. Gary Anderson February 18, 2015 Case Study Homework Analysis pg. 350 1. Why did Sandra Nieto turn to micro lending as a source of capital for her business? She turns to micro lending as a source of capital for her business because she has no other choice. She did not have enough money to design. She was an illegal immigrant and she did not have a credit history. Thus, no bank would be willing to lend her money. Also, she learned about micro lending from a friend in Colombia. 2. What factors made Sandra’s company a business that did not qualify for mainstream financing (specifically discuss the C’s of credit)? Banks need to know what we own, what we owe and what our business finances are. There are five C’s of credit and they are collateral, character, capacity, capital and conditions. Collateral includes property or assets that is pledged against the loan that the lender can take and sell of the loan is not repaid. Character is the ability to borrow money and she did not have a credit history. Capacity means that the business cash flow must be sufficient to cover the monthly loan payments. The money she earned from working and selling her work went to daily costs. 3. When, if ever would you advise Sandra to approach mainstream lenders? She should approach mainstream lenders when she has a business plan set up and when she starts earning profit. 4. What challenges and setbacks have Sandra overcome? She has overcome a...
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...entrepreneur has an important role for development, then this role is achieved through the “institution” that he/she represents. SME activities that would help to propel development and promote the wellbeing of the citizenry most governments are now playing various facilitation roles in collaboration with NGOs and other stakeholders to enable the private sector provide diverse goods and services, including job creation for the people. Many developing countries have shifted their strategic economic focus to embrace the development of an entrepreneural middle-class with the private sector as the engine for attaining sustained economic growth. In Ghana, the private sector is also considered as the engine of growth of the economy and mostly of micro, small and medium size enterprises, generally called the SMEs. The SMEs Sector in Ghana is estimated to be made up of 70% of all industrial establishments. They contribute about 22% to GDP and account for about 92% of...
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...Micro Assessment 1 Running Head: MICRO ASSESSMENT PAPER Micro Assessment Paper Melroy Brown Lincoln University Micro Assessment 2 Abstract This Micro Assessment is about a client named Jane Doe that presented at CPS in Copperas Cove after having an altercation with her husband. Jane is a young mother that has a history of mental health and anger management issues. She has been married for just over a year. The client and her husband have a history of arguing and fussing in front of the children. Jane Jane was arrested after grabbing a knife and trying to stab her husband with the knife. When she did not succeed at stabbing him with the knife Jane went upstairs and overdosed on several pills. She was taken to the hospital and was immediately signed out by her mother that works at the hospital. Because of her leaving the hospital against doctor’s advice, CPS was called to remove Jane’s children from the home for their safety. This Micro Assessment will give detailed history about Jane and give suggested client-directed treatment plans for her treatment options. Micro Assessment 3 Assessment Demographics: Name: Doe, Jane Age: 20 years old Name(s) of Parent(s)/Guardian(s): Peggy Sue Williams ...
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...in the computer and have revolutionized the world in every facet possible, creating new and quicker ways to accomplish tasks. There are a few companies that produce the x86 microarchitecture chips found in almost every desktop and many mobile devices today but only two are true heavy hitters in the market, Intel and Advanced Micro Devices (AMD). The market slug fest that has been happening between these two companies have driven the pace at which computing has advanced by leaps and bounds. They are a perfect example of how competition and not just supply and demand push industries to their pinnacle. To give a little background to the current market situation, Intel was the original inventor of the x86 microarchitecture central processing unit in 1978. Advanced Micro Devices didn’t start making chips until 1982; four years after Intel had already released their first x86 microprocessor chip as a company. Advanced Micro Devices along with Intel has over 99.5% of the market for x86 architecture central processing units. This means the two companies quite literally own the market and control the supply of computer processors. MaximumPC.com’s own history of the situation that expertly describes the beginnings and even reciprocal situation of today market states: “Much has been made recently over the x86 licensing agreement between Intel and AMD, and we have to travel back to 1982 to see how it all began. That was the year AMD inked a deal allowing them to manufacture and sell...
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...for cultural rituals and as expressions of beauty (Shafiei, "Origins of Body Piercing"). Cultural Reasoning’s A. There are many cultural reasoning’s for the nose piercing, throughout ancient history to today’s society. The practice of nose piercing is still followed among the nomadic Berber and Beja tribes of Africa and the Bedouins of the Middle East. The size of the ring gifted denotes a family's wealth. It's given by a husband to his wife when they marry, and it represents financial security for her in the event that she and her husband are divorced ("History of Body Piercings"). In the west, nose piercing first appeared among the hippies who had traveled to India in the Late 1960s. In the 1970s, the practice of nose piercing was adopted by the Punk movement as a symbol of rebellion against conservative values. Most conservative people, mainly parents and employers, still don't react well to this piercing along with other facial piercings (“History of Body Piercings”). B. Tongue piercing 1. Tongue piercings was practiced in a ritual form by the ancient Aztecs and the Maya of Central America. The tongue was pierced to draw blood to appease the gods and to create an altered state of consciousness so that the priest or shaman could communicate with the gods (“History of Body...
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...Doing Business In (Report) Leeds Metropolitan University Module: Global Business Context Doing Business In... Index 1. Introduction .................................................................................................................. 3 2. Justified country choice ................................................................................................ 3 3. Most important Characteristics seek by the company. ................................................. 4 4. How Australia fulfils the requirements. ....................................................................... 5 5. Relevant Aspects of the Australian Macro and Micro Environment............................ 6 5.1 Macro Environment. ............................................................................................... 6 5.2 Micro Environment................................................................................................. 6 6. Conclusion .................................................................................................................... 7 7. Bibliography ................................................................................................................. 8 Page 2 Doing Business In... 1. Introduction Firstly, the focus of this report will be to analyse conclusions from Global Business Context task 2 and with suitable references indicate the most appropriate country to export my student support agency service. Likewise the previous...
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...strengths and weaknesses and to effectively persuade the audience each element must be equal, and not overpower one another. From a list of ads, I found an ad titled “Micro Boom as Seen on TV” (https://www.youtube.com/watch?v=agcbsR8oFms). This infomercial...
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...Sabean’s Power in the Blood, provides a work of social history that highlights these similarities and differences between this approach and microhistory. The author believes that by analyzing a specific moment in history, through social history methodologies, it provides a momentary articulation of social values. While further demonstrates greater tensions of power dynamics. Sabean’s social history revolves around religious events in 1648 curated by Hans Keil of Württemberg Germany. The author believes that by analyzing Keil’s theological vision of an angel - who threatens collective punishment on the community- allows insight to the symbolism of hierarchy, class conflict, and domination of the Württemberg judicial system and power structure. Moreover, in fitting into the metanarrative, this case is argued to demonstrate the ideas of...
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...The History of Finance An eyewitness account. Merton H. Miller MERTON H. MILLER is Robert R. McCormick distinguished ser- vice professor emeritus at the University of Chicago (IL 60637). SUMMER 1999 * * * IT IS ILLEGAL TO REPRODUCE THIS ARTICLE IN ANY FORMAT * * *| t five years, the German Finance Association A is not very old as professional societies go, but then neither is the field of finance itself. Finance in its modern form really dates only from the 1950s. In the forty years since then, the field has come to surpass many, perhaps even most, of the more traditional fields of economics in terms of the numbers of students enrolled in finance courses, the numbers of faculty teaching finance courses, and above all in the quantity and quality of their combined schol-arly output. The huge body of scholarly research in finance over the last forty years falls naturally into two main streams. And no, I don’t mean “asset pricing” and “cor-porate finance,” but instead a deeper division that cuts across both. The division I have in mind is the more fundamental one between what I will call the business school approach to finance and the economics department approach. Let me say immediately, however, that my distinction is purely “notional,” not physical — a dis-tinction over...
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...History The Kendall Group is a keyless entry fob company who has partnered with global companies to manufacture all of the components necessary to create the keyless fob. The Pakistan, China, and Taiwan suppliers have been maintaining volume and product deadlines, while the Vietnam company who is responsible for the control chip, has had an on time delivery rate of 82%. The keyless entry fobs cannot began the final stages of production until all components have been received by the Kendall Group. Due to the amount of units ordered from each supplier, Kendall Group has been able to meet client demands. However, the Vietnam suppliers threaten to cause a bottleneck should demand increase, as the control chips’ untimely receipt would temporarily halt operations. Systems Controls The Kendall Group applied the efficiency metric to initially determine if the global suppliers had the resources to manufacture and ship the parts in the allotted time. The Vietnam business partner has proven that the efficiency metric failed to consider other factors that could create delays in shipping the control chips. The Kendall Group plans to meet with the Vietnam supplier to understand the factors that contribute to the delay in shipping the product. The company is considering transferring two operations managers to improve the Vietnam suppliers on time shipping statistics. Cultural Business Factors Cultural differences and standards will have a significant influence in international...
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...and do not have any assets to use as collateral. As a result administrative cost of supplying loans to the poor population is extremely high causing the poor to have access to loans only through local money-lenders at high interest rates. Micro-credit financing starts with the assumption that the poor is willing to pay high interest rates to have access to finance; the system uses the social trust as the collateral. Loans are given to individuals, but an entire group is responsible for the repayment. Hence, the borrower who does not fulfil his commitment to repay back will lose his/her social capital. Micro-credit institutions report that their repayment rates are above the commercial repayment rates, sometimes as high as 97%. Today, there are millions of poor people around the world who turn to be entrepreneurs through the micro-credit sector. Definitions Micro-credit Is a small financial loan made to poverty-stricken individuals seeking to start their own business and enable them to become self employed. It’s highly extended to poor borrowers who lack collateral, steady employment and verifiable credit history mainly to stimulate entrepreneurship, alleviate poverty and increase income. The UN Millennium Project identifies micro-credit as “one of the development strategies that should be implemented and supported to attain the bold ambition of reducing world poverty by half.” Financial sector Is the set and interaction of institutions, instruments, and the regulatory...
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...PROLOGUE: An MSME (Micro, Small and Medium Enterprise) is defined by RBI/GOI differently for the Manufacturing and the Services Sector, as follows: * Manufacturing Sector: Manufacturing sector refers to enterprises engaged in manufacture or production, processing or preservation of goods. The definition of Micro, Small and Medium Enterprises under the manufacturing sector is as below: | | * A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs.25 lakh; | | * A small enterprise is an enterprise where the investment in plant and machinery is more than Rs.25 lakh but does not exceed Rs.5 crore; and | | * A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore. | * Services Sector: Services sector refers to enterprises engaged in providing or rendering of services. These will include small road & water transport operators, small business and professional & self-employed.The definition of Micro, Small and Medium Enterprises under the services sector is as below: | | * A microenterprise is an enterprise where the investment in equipment does not exceed Rs.10 lakh; | | * A smallenterprise is an enterprise where the investment in equipment is more than Rs.10 lakh but does not exceed Rs.2 crore; and | | * A medium enterprise is an enterprise where the investment in equipment is more than Rs.2 crore but does not...
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...Karides, Florida Atlantic University An economic leader in the Caribbean, the Republic of Trinidad and Tobago has incorporated micro-business development as one of its main strategies to alleviate poverty and unemployment and to spawn economic growth since the late 1980s (ILO 1991, 1998, Ministry of Finance 1996). Although the discovery of natural gas in the early nineties catapulted Trinidad’s economic growth rate to four percent per annum, unemployment and poverty continue to affect a large portion of the population. The majority of the population has not benefited from Trinidad’s economic growth. Thus, the government has attempted to create “a nation of entrepreneurs” in order to relieve some of the inequality that defines the society (Ministry of Trade and Industry 1997). Trinidad’s expansion of micro-enterprise programs reflects an international trend. Endorsed by non-governmental organizations, private financial institutions, international development agencies, including the World Bank, many scholars and development practitioners also view microenterprise assistance as a panacea for Third World poverty (Johnson and Kidder, 1999; Mosley and Hulme, 1998; Dignard and Havet, 1995; Grosh and Somolekae, 1996; Rakowski, 1994). Micro-enterprise development programs generally consist of training in business skills or providing small loans or credit to micro-entrepreneurs (Dignard and Havet, 1995; International Labour Organization, 1995; Rakowski, 1994). These programs typically target...
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...I. TITLE: GENE TRANSFER OF ANTIBIOTIC RESISTANCE AND BIOLUMINESCENCE IN ESCHERICHIA COLI II. INTRODUCTION A. Background on antibiotics 1. History of antibiotics a. Fleming’s discovery of penicillin and its early significance -antibiotic inhibition of protein synthesis, cell wall synthesis, and other cellular processes b. Antibiotic overuse led to bacterial resistance Background on the transfer of resistance genes from one bacterium to another 1. Location of genes in bacteria and their means of transfer a. Genes located on plasmids, “mini-chromosomes” in bacteria and carry few traits b. Direct transfer by transformation of gene transfer from one bacterial cell to another (Purpose) C. Background on current experiment 1. Key information of experimental processes a. Resistance to antibiotic ampicillin on Escherichia coli and the transfer and growth of the bacteria under various conditions (Purpose) b. E. Coli caries plasmid for bioluminescence (pJE202) -differentiate bioluminescence vs. fluorescence c. Competence (shock) of E. Coli cells to become permeable to DNA and accept plasmid 2. Hypothesis and predictions a. If the E. coli cells are transformed with the new plasmid DNA, then in the presence or absence of the antibiotic ampicillin, colonies should be present and have the capability of bioluminescence (Hypothesis) b. Plates A, B, & D will show colony growth, while plate C will...
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