Muhammad Yunus: Lifting People Worldwide out of Poverty: Knowledge@Wharton (http://knowledge.wharton.upenn.edu/article.cfm?articleid=2243) Muhammad Yunus: Lifting People Worldwide out of Poverty Published : May 27‚ 2009 in Knowledge@Wharton What began with a loan of $27 to 42 women in a small village 33 years ago has grown into a global microcredit movement that has changed the lives of millions of poor people around the world. Muhammad Yunus‚ founder and managing director of Bangladesh’s
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The 4 Traps: 1. Conflict Causes Low income Slow growth‚ stagnation‚ or even decline Dependence on primary commodity exports (oil‚ diamonds) Geography (huge with dispersed population‚ mountainous‚ Nepal is a good example) Prior history Costs/Consequences Lasts more than 5 years‚ on average 15% poorer Military spending - $64 billion Social costs: Deaths Diseases Deterioration in political rights Legacy of organized killing - cheap guns‚ number of homicides Refugees → costs beyond frontiers (epidemics
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State and society: Case- ‘Hand in Hand’ Date:- 1st November‚ 2015 Submitted by:- Prashant Dass Q 1:-What are the institutional voids/deficiencies highlighted by the case? The institutions played a crucial role in shaping and structuring the organization. These institutions define the rules that need to be inducted in order to get free flowing and sustainable growth. HiH made its inception in a country with a billion marks and where majority of the population thrives on the inefficiency of the institutions
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capital and they want to alleviate poverty. 2. People can choose a borrower via a microfinance institution‚ then get updates of progress of loan (repayments)‚ and then people can withdraw the money and make out another loan if wanted. 3. Kiva serves The United States‚ Mexico‚ Central America‚ Part of South America‚ Subsaharan Africa‚ and some Middle East/Asian countries. 4. KIVA is about microfinance and taking people out of poverty and not limiting economic development due to not having
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ENTERPRISE Module: Social Finance Session 13 Crossing Borders: MTC’s Journey through Africa Session 14 Mobile Banking for the Unbanked Session 15 SKS Microfinance Materials Crossing Borders: MTC’s Journey through Africa (CASE) Materials Mobile Banking for the Unbanked (CASE) Module: Social Finance Module: Social Finance Materials SKS Microfinance (CASE) “SKS
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Microfinance Banking in Nigeria: Problems and Prospects • [pic]Abstract • [pic]Reference • [pic]Full-Text PDF • [pic]Full-Text HTML Acha Ikechukwu A. Department of Banking and Finance‚ University of Uyo‚ AkwaIbom State‚ Nigeria Correspondence to: Acha Ikechukwu A. ‚ Department of Banking and Finance‚ University of Uyo‚ AkwaIbom State‚ Nigeria. |Email: |[pic] | Copyright © 2012 Scientific & Academic Publishing. All Rights Reserved
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I- Context and issues More than 4 billion people around the world are deprived of access to decent accommodation‚ including 150 million in developed countries. In India alone 500 million people want and need better housing‚ 400 million of these are rural dwellers and 100 million live in the slums of India. There is an urgent need for all stakeholders to work towards creating solutions which can improve the living standards of a this large percentage of the population both in rural and urban settings
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Financial Institution in Bangladesh The financial system in Bangladesh includes Bangladesh Bank (the Central Bank)‚ scheduled banks‚ non-bank financial institutions‚ microfinance institutions (MFIs)‚ insurance companies‚ co-operative banks‚ credit rating agencies and stock exchange. Among scheduled banks there are 4 nationalized commercial banks (NCBs)‚ 5 state-owned specialized banks (SBs)‚ 30 domestic private commercial banks (PCBs)‚ 9 foreign commercial banks (FCBs) and 29 nonblank financial
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Microfinance banks: DEFINITION: Microfinance institutions offer important functions to the people‚ who are not able to meet the eligibility criteria of commercial banks. On elementary basis‚ it offers an opportunity to get cheap capital. Microfinance institutions exist to alleviate poverty. They do so by making loans with relatively low interest rates to people who are not able to access more traditional forms of financing. Services: Since its early days‚ the microfinance industry has grown
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MANAGEMENT OF SMALL SCALE INDUSTRIES SYBMS A CONTENTS:- SMALL SCALE INDUSTRIES SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (SIDBI) SSI 1: TAJ PAPER BOX SSI 2: NATIONAL DIARY SMALL SCALE INDUSTRIES An industrial undertaking in which the investment in fixed assets in plant and machinery whether held on ownership terms on lease or on hire purchase does not exceed Rs 10 million is defined as a small scale industry or an SSI. There are different categories of industries that qualify
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