Microcredit and its long term benefits Microcredit is the extension of small loans to the poor for them to qualify for traditional bank loans. It has proven an effective and popular measure in the ongoing struggle against poverty, enabling those without access to lending institutions to borrow at bank rates, and start small business. The key implications of microcredit is in its name itself: 'micro'. A number of issues come to mind when 'micro' is considered: The small size of the loans
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CHAPTER ONE INTRODUCTION 1.1 Background to the Study Since the 1960s to date, small and medium sized enterprises (SMEs) have been given due recognitions especially in the developed nations for playing very important roles towards fostering accelerated economic growth, development and stability within several economies (Yitzhaki, 2006). They make-up the largest proportion of businesses all over the world and play tremendous roles in employment generation, provision of goods and services, creating
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INTRODUCTION In the modern world, microfinance has been recognized as one of the most innovative tools for a sustainable economic development. In the last decade, the discussions on microfinance at the international have been multiplied because this type of financial services does not simply arouse interests about the financial world, but also about numerous political and social matters. Many times, diverse scholars expressed different innovative techniques for alleviating poverty, but the microloan
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estimated that each branch serves about 15,000 people in urban areas and 32,000 people in rural areas (World Bank, 2009). Consequently, less than 60 percent of the adult population has a bank account and less than 14 percent has a loan with a bank. Microfinance services tend to be concentrated in southern states (e.g., Andhra Pradesh and Karnataka). In 2009, the Self-Help Group-Bank Linkage Program[1] covered 45.2 million households. Non-bank finance companies and NGOs — both MFIs — now reach 22.6 million
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Management Research in India: Roughly between March and June, business schools carry a vacant look. The first-year-going-on-second-year MBA batch leaves for its summer internships to the corporate world whereas the faculty gets temporary relief from teaching and can concentrate on the other vital role incumbent on them — management research. This essential mandate of a b-school to pursue knowledge creation has largely been overlooked by the public eye amidst the expression surrounding placement salaries
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VOLUME No. 2 (2013), ISSUE No. 3 (March) ISSN (Online): 2320-0685 Overview of Financial Inclusion in India C. Paramasivan Assistant Professor, PG & Research Department of Commerce Periyar EVR College, Trichy, Tamil Nadu V. Ganeshkumar Research Scholar, PG & Research Department of Commerce Periyar EVR College, Trichy, Tamil Nadu Abstract Inclusive growth is possible only through proper mechanism which channelizes all the resources from top to bottom. Financial inclusion is an innovative
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Microfinance & Education (A Research Study) Poverty, and the alleviation thereof, has been a discussion that has spanned centuries, specifically in the Unites States of America (USA). Now while those discussions have taken shape in various itineration’s (ie: political platforms, debates on entitlement structure, or simply encouraging individuals to help those less fortunate), everyone seems to agree that its ultimate remediation is beneficial to society; however, in terms of the actual path of
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WE THE PEOPLE GROUP ORGANISATION PROFILE Justrojgar India Private Limited/ We The People 102, D211, Laxmansingh Complex 1, Munirka, New Delhi-110057, India Mob.: +91 81309 333 00 Tel: +91 11 460 28 268; Email: ajayamohapatra@justrojgar.com Website www.justrojgar.com ABOUT WE THE PEOPLE GROUP We the People Group is a social enterprise providing livelihoods promotion services to the lower income groups emphasising on women, youth and farmers through institutional development services
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Grameen Bank Voluntary Social Systems in action Bangladesh Population: 145 million Capital: Dhaka (11 million) More than half the population is landless After the war, returned to Bangladesh Ph. D. in Economics Vanderbilt Univ Nashville, TN Tried working in the Govt, resigned in two months. Taught at Tenesse State and in Colorado Chairman of Dept of Economics, Chittagong University Dr. Mohammed Yunus Motivation “I felt extremely ashamed of myself
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Mohammad Yunus I found the lecture by Muhammad Yunus to be very interesting. At first I was wondering why an economist and bank owner was given the Nobel Prize for Peace and not Economics. Through the address he made, it became more apparent as to why he an industry like Grameen Bank received such recognition. By making a clear connection between poverty and the prospect of peace, Grameen Bank is fighting poverty and promoting peace. As long as people are in poverty, they suffer from anger,
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