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Micofinance

Micro finance is defined as the provision of threft (savings), credit and other financial services and product of very small amounts to the poor foe enabling them to raise their income levels and improve living.
Loans Pensions Savings Financial counseling Remittance Insurance Risk mitigation products

Bangladesh Granmeen Bank


Jobra, Bangladesh, in 1976. No Collateral, No Legal Instrument, No Group-Guarantee or Joint Liability. 97 per cent Women. Recovery Rate Over 97 per cent. 100 per cent Loans Financed From Banks Deposits. No Donor Money, No Loans. Beggars As Members. Housing For the Poor, Micro-enterprise Loans, Scholarships, Education Loans
Survey
Group of 5 people(2 for 6 weeks) Group of 5 people(2 for 6 weeks)

Overall society development

Target population

Bank branch(Manager, 15-22 villages)

Village visit by manager and worker

Close monitoring

Income generation activity

THE MICRO FINANCE INSTITUTIONS (DEVELOPMENT AND REGULATION) BILL, 2011


Constitution of Micro Finance Development Council (formulation of policies and measures )
Lending activities Recovery practices Impact of measures for financial literacy and inclusion etc

Registration (R.B.I Act, 1934 and the Banking Regulation Act, 1949 )

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