Microfinancing is the provision of financial services to low-income clients, including consumers and the self-employed, who traditionally lack access to banking and related services.
It is, in essence, the supply of loans, savings, and other basic financial services to the underpriveleged.
More broadly, it is a movement whose object is a world in which as many poor and near-poor households as possible have permanent access to an appropriate range of high quality financial services, including not just credit but also savings, insurance, and fund transfers. Those who promote microfinance generally believe that such access will help poor people out of poverty.
Comments
Fri, May 24, 2013 - 09:55 AM
So your publically stating that the Herald Gazette made this statement up as noted i [...]
Thu, May 23, 2013 - 08:50 PM
A'ja - I'm so proud of you! Mrs. G.
Thu, May 23, 2013 - 07:51 PM
yes folks go to church on Saturdays, Wednesdays, Sundays and other days and I can't [...]
Thu, May 23, 2013 - 07:30 PM
Being a parent and a grandparent I have seen what drinking has done to families whet [...]
Thu, May 23, 2013 - 04:38 PM
...be careful what you wish for, OBAMA is president, and the fools are voting GAY ma [...]
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I am so tired of working hard to be successful so those that don't and won't can continue to take advantage of my work.
It's time for the parents (Conservatives) to take the credit cards back from the kids (liberals) and attempt to take this Country back before it's too late.
Also, microfinancing is by election only. This is not a G.O. that is spending tax dollars or asking you to contribute. This system is based on those who may have being willing to help those who have not. It operates as any other loan but does not rely on a the FDIC.
Furthermore, please step down off your soapbox as this has nothing to do with credit cards, unsecured credit, liberals or conservatives.
I pay property taxes and use few services. The deadbeats in public housing pay no property taxes and use many more services. The dwellings they live in if you can call the slums that are not even on the tax rolls.
No way I support this. When we quit funding the deadbeats and make them work to feed themselves and their families or go hungry, the economy rebounds overnight.
I cash checks for friends who do not have a bank account. Otherwise they have to go to a check cashing service and pay a big percentage to cash a check. Several times I have redeemed their items from pawn shops where they pay 20% or more interest and get quarters on the doller as a loan. They have no hope of pulling out of debt when they pay more at every turn for everything. This is a different America now. It isn't just the lazy who are broke.
If I have the drive and the idea but not the capital?
Explain more, please.
Thats the way it will always be.