...China Microfinance Industry Assessment Report By He Guangwen, Du Xiaoshan, Bai Chengyu, and Li Zhanwu China Association of Microfinance Feb. 17, 2009 This report has been jointly accomplished by Prof. He Guangwen, Director of Rural Finance and Investment Research Center of China Agricultural University (CAU), Prof. Du Xiaoshan, Deputy Director of Rural Development Institute of China Academy of Social Sciences (CASS) and Chairman of Board of Directors of China Association of Microfinance (CAM), Mr. Bai Chengyu, Director of Division III of China International Centre for Economic and Technical Exchange (CICETE) and Secretary General of CAM with the support of the Network Strengthening Program (NSP) of CAM. Mr. Li Zhanwu, Division Director of Ministry of Human Resource and Social Security, Dr. Li Lili of Henan University of Finance and Economics, Dr. Zhang Zhengping, Associate Professor of Beijing Technology and Business University, Dr. Yang Jing of Beijing Material College, and Li Yaning, Yang Lu and Wang Dan from CAU have also joined the research work. Besides, this report has obtained the guidance and assistance from Ms. Wang Dan, Managing Deputy Secretary General of CAM, and the experts of SEEP. Mrs. Wang Li, President of Social Responsibility Department of Citi China has provided strong administrative and professional support. Hereby, special thanks should be given to the above fellows. For more information, pls contact Prof. He Guangwen at heguangwen@sina.com 1 ...
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...Microfinance in Assam: Hymns, Myths and Realities. Dr. Jyotish Bordoloi, Associate Professor, Haflong Govt. College. Ms. Brahnisikha Bordoloi,Assistant Professor, Lakhimpur Commerce College. Introduction: Microfinance has emerged as an effective method to fulfil the financial needs of small borrowers and poor sections of the society to uplift their economic conditions. In spite of creditable expansion of institutional credit network in our country majority of poor and rural population remained scarce in getting financial assistance from formal credit delivery institutions. Many credit intervention programmes floated by the government are found to be expensive, ineffective and defective. Indian experience revealed that steps taken to address the poor and poverty have not been yielding the desired result and considerable portion of aids and subsidies meant for the poor are channelized to affluent sections. Institutional mechanism involved in financing the poor through different developmental schemes unsuccessful in doing much to improve the situation and in fact many new problems arise in course of doing so. Poor recovery and siphoning of funds meant for poor have affected not only the viability of developmental schemes but also the profitability of the institutions. The shortcomings and failures of financial institutions and poverty alleviation and development programmes to meet the needs of needy small and poor borrowers kindle the micro finance concept. The...
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...THE EFFECTS OF MICROFINANCE INSTITUTIONS ON WOMEN EMPOWERMENT IN KENYA: A SURVEY OF MERU COUNTY A Research Project Submitted to the School of Human Resource Development in Partial Fulfillment for the Award of the Degree of Executive Master Of Business Administration of Jomo Kenyatta University of Agriculture and Technology JULY 2013 CHAPTER ONE Introduction 1.1 Background information Several studies show that access to microfinance contributes to poverty reduction, particularly for women participants, and to overall poverty reduction at the village level. It also contributes to women empowerment, including higher levels of mobility, political participation and decision making. According to the State of the Microcredit Summit Campaign 2001 Report, 14.2 million of the world’s poorest women now have access to financial services through specialized microfinance institutions (MFIs), banks, NGOs, and other nonbank financial institutions. These women account nearly 74 percent of the 19.3 million of the world’s poorest people now being served by microfinance institutions. Most of these women have access to credit to invest in businesses that they own and operate themselves. Microfinance programs have been deemed to have the potential to transform power relations and empower the poor—both men and women. As a consequence, microfinance has become a central component of many donor agencies’ and national...
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...[pic] LONDON COLLEGE OF BUSINESS AND MANAGEMENT MBA Dissertation Assignment 1 Assignment Title: Define your learning goals in pursuing an MBA dissertation by demonstrating that you understand the culture of research and how your prior experience could be incorporated. MODULE LEADERS : MRS ISOBEL WOOD DR TERESKA KARRAN Coursework Feedback & Assessment Module Code Student Name: Student ID Number: Submission Date: 20 January 2012 Assignment 1 Research Title: Microcredit and Poverty Eradication; a further investigation in Village Tajpur, Bangladesh: A case study approach. Background of the research: Microfinance has emerged in 70s and officially displayed in 1981 through the establishment of Grameen Bank (GB) by noble laureate Muhammad Yunus in Bangladesh, a south-east Asian country (Grameen-info, 2011). In last three decades, more than 100 countries have adopted microfinance for socio-economic development through reducing poverty (Money, 2011). Microfinance is the combination of three domains of financial support—micro-insurance, micro-savings and microcredit where the third one is initially provided to poor for poverty reduction. In recent years, the theory has been controversial tremendously. The prime minister of Bangladesh, sheikh Hasina viewed that Microcredit has been proved completely unable to reduce poverty even it is sucking the blood of the poor (NY times, 2011). Another scholar, the...
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...ABSTRACT This report deals with the concept of Social Entrepreneurship and the work that a social entrepreneur does. The Report is a guide to learn Social Entrepreneurship through Handson experience. The Report covers my experience in starting a Social Enterprise, difficulties I encountered during the time and how to make a Social Enterprise a Viable option. This report covers everything from rise of this term Social Entrepreneur, to work done by Social Entrepreneurs, to the Entrepreneurial theories and approaches they follow or must follow. This report also describes several Social Ventures and the people behind those ventures who have brought about a positive social change. Social Entrepreneurship is a relatively new phenomenon and the excitement it has created throughout the world because of the impact it has had is tremendous. This report thus describes what learning social entrepreneurship through hands-on experience is. The Report also lists the various people I contacted for Sponsorship and the manner in which they supported the project. 5 TABLE OF CONTENTS ACKNOWLEDGEMENTS 03 ABSTRACT 04 1. SKILL DEVELOPMENT AND SOCIAL ENTREPRENEURSHIP 06 1.1 INTRODUCTION 1.2 OBJECTIVES 1.3 METHODOLOGY 1.4 DATA COLLECTION 1.5 CHAPTER SCHEME 2. LITERATURE REVIEW 11 3. HISTORY 17 4. MODERN SOCIAL ENTREPRENEURSHIP 22 5. SOME OUTSTANDING EXAMPLES 27 6. THEORIES OF ENTREPRENEURSHIP 33 7. CONCLUSION 38 8. BIBILIOGRAPHY 39 6 CHAPTER-1 SOCIAL ENTREPRENEURSHIP 1...
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... Dar es Salam, Tanzania. E-mail address: victorkajwahula@gmail.com +255788189881/ +255769644280 PROFILE: Ability to lead and motivate project team to success EXPERIENCE: * Designing, developing and maintaining database (MYSQL & MS ACCESS) * Programming skills by using C++ * Web design and developing by using HTML, CSS * Networks Design and Implementation OPERATING SYSTEM PLATFORMS Microsoft windows OS ,Mac OS ,Linux (Ubuntu) TYPE OF PERSON: A driven IT Professional with Extensive Experience in Support, Administration and Network troubleshooting. STRENGH: Motivate a team work, Managing IT projects to be completed on time, within a budget and satisfy customer. With Agile project management and PRINCE2 (Projects IN Controlled Environments) Training knowledge EDUCATION: 1985-1991 Primary School 1994-1997 O-level 1998 -2000 High School PPROFESIONAL EXAMS 2007 Derby College UK- IT Certificate. 2007 Derby College UK- IT Diploma. 2013 BCS Certificate in IT. 2013 BCS Diploma in IT. 2013 BCS Graduate Diploma in IT. (BCS- BRITISH COMPUTER SOCIETY) - THE CHARTERED INSTITUTE FOR IT (UK AWARDING BOARD) AREA OF STUDY: Software Development, Computer and Network Technology and Information Systems, Professional Issues in IS Practice/IT laws, Computer Networks, IT Project Management, System...
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...moved to the city of Chittagong, and he was shifted to Lamabazar Primary School from his village school.[11][13] By 1949, his mother was afflicted with psychological illness.[12] Later, he passed the matriculation examination from Chittagong Collegiate School securing the 16th position among 39,000 students in East Pakistan.[13] During his school years, he was an active Boy Scout, and traveled to West Pakistan and India in 1952, and to Canada in 1955 to attend Jamborees.[13] Later when Yunus was studying at Chittagong College, he became active in cultural activities and won awards for drama acting.[13] In 1957, he enrolled in the department of economics at Dhaka University and completed his BA in 1960 and MA in 1961. After graduation Following his graduation, Yunus joined the Bureau of Economics as a research assistant to the economical researches of Professor Nurul Islam and Rehman Sobhan.[13] Later he was appointed as a lecturer in economics in Chittagong College in 1961.[13] During that time he also set up a profitable packaging factory on the side.[12] He was offered a Fulbright scholarship in 1965 to study in the United States. He obtained his PhD in economics from Vanderbilt University in the United States through the graduate program in Economic Development (GPED) in 1971.[14] From 1969 to 1972, Yunus was an assistant professor of economics at Middle Tennessee...
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...of Real Estate and Construction Management Real Estate Management Thesis no. 91 Master of Science, 30 credits How to apply microfinance activities in the developed world - a case study in New York City Author: Sofia Bredberg Sara Ek Stockholm 2011 Supervisor: Han-Suck Song Master of Science thesis Title How to apply microfinance activities in the developed world – a case study in New York City Sofia Bredbeg & Sara Ek Real Estate and Construction Management Han-Suck Song Microfinance, poverty alleviation, financial sustainability, developed world, microfinance programs, empowerment, Grameen America, Acción USA, Project Enterprise Authors Department Master Thesis number Supervisor Keywords Abstract This study strives to examine how microfinance activities can be successfully applied in the developed world. This is done through a field study in New York City. Throughout interviews and observations with three of the largest actors in New York: Acción USA, Grameen America and Project Enterprise, as well as interviews with their clients, the lending processes and key characteristics of the organizations have been mapped. Furthermore, the Federal Reserve Bank of New York has been interviewed on the general opinion of microfinance in the US. Previous theory elaborates on some of the major challenges with implementing microfinance activities in the developed world, such as lack of funding and cultural differences hindering the lending processes to be carried...
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...CHAPTER 1 INTRODUCTION Background history Nissi Global is a microfinance institution with its head offices located in Bulawayo at corner 11th Ave & George Silundika. His Honour, Mr Phiri (MBA Oxford Brooks), is one of the founding Directors who is still active and steering the institution to date. Nissi Global has successfully provided financial services to enterprises and individuals for more than 18 years. Supported by a number of developmental funders, Nissi has traceable operations. Nissi was established in 1996 as a private limited company and later in June 1999 was converted to a public limited company incorporated under the Company’s Act (Chapter 21:03) of the laws of Zimbabwe at the request of funders, particularly the Microstart and Social Dimension Micro Enterprise Programme and Hivos-a Netherlands donor. Nissi’s Senior Management together with a determined Board of Directors led the start-up and expansion of this profitable donor funded project which grew from one branch to twenty-three branches nationwide during the pre-dollarization era. Nissi global has now expanded its product range to include foreign exchange, Pay Day Loans, Business Loans, Housing Microfinance, Stop order loans and also running agencies such as Ecocash and CBZ. Nissi Global as a microfinance company has set its standards to operate as efficient as banks or better. It has the aspirations of becoming a macro- finance company than micro as it is. It fosters a culture of professionalism and...
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...The current issue and full text archive of this journal is available at www.emeraldinsight.com/2045-4457.htm SAJGBR 2,1 Profiting from poverty: ethics of microfinance in BOP Linda M. Sama and R. Mitch Casselman Department of Management, Peter J. Tobin College of Business, St. John’s University, New York, New York, USA Abstract Purpose – This paper seeks to examine the ethical dilemmas that emerge when offering microfinance services in BOP markets. Design/methodology/approach – Utilizing the ethical lenses of deontology, teleology, virtue ethics and moral relativism, the paper builds on prior research on ethical issues in BOP markets and the ethics of microfinance to highlight the specific stakeholder impacts facing MFIs. Relevant literature and examples from practice are utilized to illustrate the different ethical perspectives. Findings – In general, many of the key dilemmas represent themselves in the extreme poverty segment of the BOP where commercial business models have the least traction. Research limitations/implications – Propositions are developed for the corrective actions in the paper which might allow future research to uncover differences in intervention success in different BOP markets. Practical implications – The discussion of potential interventions for the various stakeholders may ameliorate criticisms of MFIs, suggest opportunities for cross-sectoral partnerships and improve outreach to the poorest of the poor. Social implications – For each issue...
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...Name |Result |Scale |Passing Year | |BBA |Finance |University of Dhaka |3.64 |4 |2011 | |HSC |Business Studies |Ispahani Public School and College |5 |5 |2006 | |SSC |Business Studies |P. H. Ameen Academy |5 |5 |2004 | Job Experience: (1) Position: Research Associate (October 10, 2011 – Continuing) Employer: University and Industry Alliance, IBA, University of Dhaka Key Responsibilities: ➢ Carry out the administrative and program support activities of the center. ➢ Assist the president on various academic, social and administrative activities. ➢ Gather Market intelligence on competition, market demand and products to ensure that timely and effective measures are taken by the center. (2) Position: Intern (August 7, 2011 – September 15, 2011) Employer: Institute of Microfinance (InM), Lalmatia, Dhaka Key Responsibilities: ➢ Collect and analysis data to support the researchers (3) Position: Research Assistant (June 2, 2010 – July 31, 2011) Employer: University and Industry...
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...columbia.edu). Executive Summary In the early 1970s, Professor Muhammad Yunus envisioned a means of alleviating poverty by circumventing the major impediment to lending to the poorest in society—the need for collateral. He tested this instinct in an experiment in 1976, when he lent about $27 to 42 women in an ordinary Bangladeshi village. Just 30 years later, Grameen Bank has more than 3.2 million borrowers (95 percent of whom are women), 1,178 branches, services in 41,000 villages and assets of more than $3 billion. This paper explores Grameen Bank’s origins, structure, culture, performance and efforts to expand and broaden the microfinance agenda. The authors evaluate Grameen’s success in implementing Yunus’s vision in the light of various challenges and conclude that the short-run effects of microcredit have been positive and that microfinance will continue to make important contributions to poverty reduction. Admittedly, an assessment of Grameen solely in terms of financial viability—that is, without also taking into account the social benefits in terms of the empowerment of women and its positive...
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...countries. Kenya with an estimated population of 29.6 million people and a per capita income of US $260 is categorized by the World Bank to be among the poorest countries in the world (world development report 1992). Kenya’s development challenge therefore remains in finding sustainable poverty eradication strategies. Micro and small enterprises have been seen as one of the strategies that can bring faster development. MFI does therefore play a big role in financing the micro and small enterprises for faster development. MFI’s enterprises are also highly rated for employment creation. They are therefore important in Kenya where unemployment and underemployment are estimated at between 25% and 35% respectively. MFI s’ through the provision of credit influence the type of technology adopted by entrepreneurs and even the rate of technology adoption. Small scale enterprises in the agricultural sector play a big role in providing food, income generation and employment creation. The application of technology is vital in enhancing growth and development of these enterprises. Inflation is vital in the growth and development of any MFI. Both large scale and small scale MFI depend on financial organizations for credit in order to raise capital and also finance any development projects. The large scale organizations have found it much easier to access credit from commercial banks and other financial institutions. The micro and small scale enterprises have not been able to...
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...Chapter One: Introduction 1.1 Origin of the report Internship program is a prerequisite for acquiring BBA degree. Before completion of the degree, a student must undergo the internship program. Internship program is a perfect blend of the theoretical and practical knowledge. As the classroom discussion alone cannot make a student perfect in handling the real situation, it is an opportunity for the students to know the real life situation through this program. The report on “Performance Analysis of Grameen Bank (GB), BRAC and ASA as MFI.” is prepared by Md. Jasim Uddin under the supervision and guidance of Muhammad Mujibul Kabir, Professor, Department of Finance, University of Dhaka and shubashish Barua, researcher, InM to meet the requirement of the internship program of BBA. 1.2 Objective of the Report Broad Objective: Broad objective of this report is to meet the partial requirements for the fulfillment of BBA program. Specific Objectives: Internship program aims at providing knowledge about the real world business situation. The objectives of the report are- ➢ To be informed with the top three MFIs of Bangladesh focusing on poverty alleviation. ➢ To get an overview of services rendered by different MFIs. ➢ To identify the critical success factors (CSF) of Microfinance institutions. ➢ To compare the relative performance analysis of top three MFI: Grameen Bank (GB), BRAC and ASA ➢ To identify the problems faced by the MFIs...
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...nanceGender and rural microfinance: Reaching and empowering women Guide for practitioners Enabling poor rural people to overcome poverty This paper was prepared by Linda Mayoux and Maria Hartl. Linda Mayoux is an international consultant on gender issues in economic development including microfinance. She is currently global consultant for Oxfam Novib’s Women’s Empowerment, Mainstreaming and Networking (WEMAN) programme. Mayoux prepared this paper in collaboration with Maria Hartl, Technical Adviser for Gender and Social Equity in IFAD’s Technical Advisory Division. Annina Lubbock, Senior Technical Adviser for Gender and Poverty Targeting, Michael Hamp, Senior Technical Adviser for Rural Finance. Ambra Gallina, Gender and Poverty Targeting Consultant, also contributed. The following people reviewed the content: Maria Pagura (Rural Finance Officer, Rural Infrastructure and Agro-Industries Division of the Food and Agriculture Organization of the United Nations (FAO), Carola Saba (Development Manager, Women’s World Banking) and Margaret Miller (Senior Microfinance Specialist, Consultative Group to Assist the Poor – CGAP). The opinions expressed in this publication are those of the authors and do not necessarily represent those of the International Fund for Agricultural Development (IFAD). The designations employed and the presentation of material in this publication do not imply the expression of any opinion whatsoever on the part of IFAD concerning the legal status of any...
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