million people are currently in need of funds. Microfinance encompasses many different types of services such as credit‚ savings‚ insurance‚ remittance and pensions. Microfinance initiatives primarily focus on microcredit services because rural towns are heavily reliant on credit for a wide range of needs for example engage in economic activity‚ consumption needs‚ mitigate income shocks‚ increase savings and improve self-empowerment. In many microfinance areas‚ women comprise most of the groups because
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Definition of ’Microfinance’ A type of banking service that is provided to unemployed or low-income individuals or groups who would otherwise have no other means of gaining financial services. Ultimately‚ the goal of microfinance is to give low income people an opportunity to become self-sufficient by providing a means of saving money‚ borrowing money and insurance. Investopedia explains ’Microfinance’ Microfinancing is not a new concept. Small microcredit operations have existed since the mid
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The Number of Islamic Microfinance Institutions in Malaysia Should Be Increased. Table of Content Page 1.0 Abstract 2 2. Introduction 3 3. Argument 1 : Offer Syariah Compliant Finance 5 4. Argument 2: Increase the Performance of Islamic Banking and Finance 7 5. C. Argument: Risky and Costly to Implement Islamic Microfinance 9 6. Argument 3: Provide Financial Assistant for Low and Middle Income Groups. 11 7.0 Conclusion
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A bullet is a cylinder of lead that is fired from a gun‚ the actual bullet is covered with a metal jacket. Bullets travel at very high speeds‚ some bullets can go up to 5‚500 meters. Ball bullets are used mostly in the army‚ or hunting. Tracer bullets are bullets that leave a line of fire after being shot from the gun. Armor piercing bullets have a center of steel and blunt noses‚ these bullets are used to take down tanks and other big machinery. Dumdum bullets have jackets that do not cover the
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P1A Academic year 2012/2013 Semester 1‚ period 3 The effectiveness of the minimum wage policy as anti-poverty tool 1 Introduction Minimum wage policies are widespread throughout the world. More than 90% of all countries have a minimum wage policy (International Labour Office‚ 2009‚ p. 34). Although the goals of mandating and maintaining a minimum wage‚ such as the reduction of poverty and the creation of income equality‚ are widely accepted around the world‚ there is a disagreement about
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101 March 13th‚ 2013 The Uses of Ancient Egyptian Magic Magic is the power to produce a desired effect by the assistance of supernatural forces‚ mystical gestures and spoken words. Just like the many other people of the antiquity‚ Egyptians also had their own myths‚ such as the myth of Heka‚ which was a kind of divine force and through it magic was cast (Pinch‚ text 1 par. 1). Egyptians were famous for their knowledge of magic since they owned it nearly four thousand years ago (Pinch
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HIGHER EDUCATION AND POVERTY REDUCTION AMONG THE YOUTH BY OKUNOLA‚ PHILIP OLAYIDE (Ph.D)‚ ONYENE.V.E(Ph.D.)(frontisresource@yahoo.com) SUBAR‚ S.TAYO. ASHIRU‚ AL-MAHROOF OLASEEWO (sirmooree@yahoo.ca) PAPER PRESENTED AT THE 8TH REGIONAL CONFERENCE OF HIGHER EDUCATION RESEARCH POLICY NETWORK VENUE: INTERNATIONAL INSTITUTE FOR TROPICAL AGRICULTURE (IITA)‚ IBADAN AUGUST‚ 2008 ABSTRACT Education in Nigeria and higher education in particular‚ are fundamental to the
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References: ∗ Microfinance Institutions - Issues in Sustainability- Chapter 11‚ Design and Implementation Of MIS for MFIs: Ramesh Arunachalam. ∗ Management Information Systems for Microfinance Institutions: A Handbook‚ Charles Waterfield & Nick Ramsing. Copy right CGAP/World Bank. 15
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1.1 Background to the Study. Microfinance in the form of different informal institutions in Tanzania was provided through different means such as âUpatuâ and lending between friends either at work or between family members. The formal microfinance services in Tanzania started in the early nineties and we can say it is still at its infant stage. Because of this infancy‚ the competition in microfinance industry is still low and the clients were expected to be loyal to their institutions. These
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Importance A microfinance bank is one devoted to extending small loans‚ referred to as microloans‚ to individuals‚ businesses‚ and organizations in low-income regions‚ including under-developed countries where small amounts of money can go a long way. Some financial institutions are devoted entirely to microfinance‚ while others are part of larger companies‚ such as global investment banks. Ultimately‚ a microfinance bank provides credit to those who would otherwise be unable to access this form
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