micro-credit


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micro-credit

(ˈmaɪkrəʊˌkrɛdɪt)
n
(Banking & Finance) the practice of lending small amounts of money on minimal security, esp to help small businesses and communities in the developing world
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References in periodicals archive ?
Big Idea: Eradication of poverty is addressed through large internationally and nationally supported projects and small micro-credit loans.
It also provides a micro-credit banking system that gives loans to poor women and graduates of the diploma course.
Star Staff Writer In commemoration of the International Year of Micro-credit and Jordan's achievements in the field of micro-finance, Her Majesty Queen Rania Al-Abdallah participated in the Global Micro-entrepreneurship Awards (GMA) ceremony on Tuesday, and met with the ten award-winners, highlighting the importance of micro-credit in changing people's lives and unleashing entrepreneurial potential in local communities.
Today, even banks that grew out of micro-credit enterprises engage in copycat golden carrot schemes.
Yoshihiro Iwasaki, director general of the ADB's South Asia Department, said the project also includes social components such as training to develop skills in road construction, supporting education for children and adults, and providing basic health services as well as micro-credit for returning refugees and displaced persons, including demobilized combatants.
Beyond Micro Credit: Putting Development Back into Micro-Finance challenges long-held assumptions about micro-credit and urges the development community to reform its approach.
While governor of Guanajuato in the late 1990s, he set up several micro-credit programs that now boast successful results.
The Canadian Youth Business Foundation is a non-profit, private sector initiative, that provides micro-credit financing, mentoring and on-line support.
"Micro-credit has suffered a very great blow," Hartmann says.
Indeed, micro-credit programs have in recent years begun to attract the attention of both private and governmental national and international aid agencies and organizations.
Zulum stated this during the inauguration of a micro-credit facility and cash disbursement to petty traders, perishable sellers and retailers at Custom Market, Maiduguri, on Saturday.