Banking
Microcredit
Definition
Microcredit programmes extend small loans to very poor people for self-employment projects that generate income, allowing them to care for themselves and their families.
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Three C's of Credit
refers to how a person has handled past debt obligations: From the credit history and personal background, honesty and reliability of the borrower to pay ...
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Credit Lending Models
Microfinance institutions are using various Credit Lending Models throughout the world. Some of the models are listed below.
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Microcredit Summit
The word "microcredit" did not exist before the seventies. Now it has become a buzz-word among the development practitioners. In the process, the word has been imputed to mean everything to everybody. No one now gets shocked if somebody uses the term "microcredit" to mean agricultural credit, or rural credit, or cooperative credit, or consumer credit, credit from the savings and loan associations, or from credit unions, or from money lenders. When someone claims microcredit has a thousand year history, or a hundred year history, nobody finds it as an exciting piece of historical information.
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UN Report: Role of Microcredit
The present report has been prepared in response to a request contained in General Assembly resolution 52/194 of 18 December 1997. This is the first time the Secretary-General has been requested to prepare a report on the question of microcredit and the eradication of poverty.
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UN-General Assembly Resolution
Taking note of the report of the Secretary-General on the observance of the International Year for the Eradication of Poverty (1996) and recommendations for the rest of the First United Nations Decade for the Eradication of Poverty (1997-2006).
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Chief guest speech
"I am thrilled to see such a turnout for this Summit,which is one of the most important gatherings that we could have anywhere in our world."
--Hillary Rodham Clinton (First Lady, United States)
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Microcredit Summit Opening Plenary
--Opening speech by Muhammad Yunus Washington, February 2, 1997
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Microcredit: A Weapon In Fighting Extremism
By Alan Jolis
Herald International Tribune Published with the New York Times and The Washington Post Singapore, Wednesday, February 19, 1997
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Dancing with Debts - NewsWeek
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Yes to Micro Credit
Herald International Tribune
Published with the New York Times and the Washington Post
Monday, February 17, 1997
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Micro Loans for the Very Poor
The New York Times
Sunday, February 16, 1997
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Helping the Poor to Help Themselves
The Los Angeles Times
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Fighting Poverty From the Bottom Up
An address by Muhammad Yunus
TIMELINE November/December 1996
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