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    Microfinance involves providing small loans, usually less than $100, to individuals in developing countries to help establish or expand small businesses. It began in the 1970s with experiments providing loans to the poor and underserved. Muhammad Yunus is credited with disbursing the first microloan in Bangladesh in 1974 and later founded the Grameen Bank. Microfinance now includes small loans, credit, insurance, and support systems that help borrowers succeed and positively impact their communities.

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    Microfinance involves providing small loans, usually less than $100, to individuals in developing countries to help establish or expand small businesses. It began in the 1970s with experiments providing loans to the poor and underserved. Muhammad Yunus is credited with disbursing the first microloan in Bangladesh in 1974 and later founded the Grameen Bank. Microfinance now includes small loans, credit, insurance, and support systems that help borrowers succeed and positively impact their communities.

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    39 views5 pages

    Microfinance Presentation

    Uploaded by

    nidhi1726
    Microfinance involves providing small loans, usually less than $100, to individuals in developing countries to help establish or expand small businesses. It began in the 1970s with experiments providing loans to the poor and underserved. Muhammad Yunus is credited with disbursing the first microloan in Bangladesh in 1974 and later founded the Grameen Bank. Microfinance now includes small loans, credit, insurance, and support systems that help borrowers succeed and positively impact their communities.

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    of 5

    MICROFINANCE

    Introduction

    • Microfinance is a term for the practice of providing financial services, usually

    very small loans, to developing economies. Suggested by the name, most

    transactions involve small amounts of money, frequently less than 100 USD.

    • Microfinance is composed of many finance services such as loans, credit,

    insurance, etc, run on a smaller scale.


    MICROFINANCE

    History

    • In the early 1970's, several pioneering enterprises began experimenting with

    loaning to the poor and underserved.

    • The first fully-incorporated microfinance and community development bank was

    Shore Bank, founded in 1973 in Chicago

    • Economics professor Muhammad Yunus is often credited with disbursing the

    first micro loan in Bangladesh in 1974. He later went on to found the Grameen

    Bank and was awarded the 2006 Nobel Prize for his efforts.

    • Another microfinance institution, Accion International, began disbursing micro

    loans in Recife, Brazil as early as 1975.


    MICROFINANCE

    Frequently Asked Question

    • What do local microfinance institutions (MFIs) do?

    • Where do MFIs get the money for loans?

    • Why is this different from other loan programs?

    • What is the difference between microcredit and microfinance?

    • Can very poor people actually start and run a successful business?

    • Do very poor people repay their loans?


    MICROFINANCE

    An effective poverty reduction strategy

    • Microfinance consists of making small loans, usually less than $100, to

    individuals, usually women, to establish or expand a small, self-sustaining

    business.

    • Microfinance includes several support systems that contribute greatly to its

    success.

    • An equally important part of microfinance is the recycling of funds.

    • Microfinance has a positive impact far beyond the individual client.


    MICROFINANCE

    Institutions
    • Accion International

    • ACDI/VOCA

    • Freedom from Hunger

    • Grameen Bank

    • Grameen Foundation

    • Microloan Foundation

    • Microcredit Summit Campaign

    • Opportunity International

    • ShoreBank

    • Tameer_Microfinance_Bank_Limited

    • Unitus

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