Thank you for reading our articles and following the blog about microfinance and microcredit. This website started as a project in the university when I studied in Germany, and is now a big source of microfinanceinformation with many visitor from all around the world. It´s quite obvious, microfinance is something that really brings the world together to cooperate for a better and sustainable future. There is so many people needing financing to get up on [...]
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The first microcredit loan i´ve been supporting is now fully funded to Bwizi Livestock Marketing Group in Uganda. A total of 124 Kiva Lenders financed the $4,975.00 loan requested by Jackson Mutesigensi, Sylivano Kasaija, Mary Kabanyoro, Anthony Kisembo, David Nkogi, Benon Akankwasa, Richard Ndora, Joseph Kyarimpa, Joseph Mugyenyi, Ronald Kyarimpa, Federesi Koburunga, Kurineri Ndora, Bazilio Karanagi, Beatrice Tibakanya, Angelica Kisembo, Kurineri Kiiza, Michael Byaruhanga, Joviah Tumwebaze, Fionah Nakamya in Uganda has been 100% funded. The [...]
I´ve been talking earlier about Kiva.org as a channel between funds, microfinance institutions and entrepreneurs. And finally i´m also a proud lender, one hour ago i started with a small loan of $25 to a group working with animal sales in Uganda! It´s a big group of entrepreneurs that wants to expand their business in selling goats, i wish them luck and hopefully their complete loanrequest is raised soon.
Microfinance typically refers to various kind of small loans, savings, money transfers and other kind of financial services targeted to low-income clients. Now, as the market for microfinancing mature, there are new options also for foreign currency exchange which often been pointed out as a big risk factor. Mini Foreign currency exchange Recent studies show that currency risk is one of the biggest challenges for microfinancing. If the loans are taken in USD, which is [...]
A lot of people are living under poverty, but with microfinance they have the chance to lift themselves out of poverty. Microfinance provides financial resources like loans, savings, insurances and business training to help people build businesses. Oktober 17th is the International Day for the Eradication of Poverty. The UN secretary-general Ban Ki-Moon is going to perform a speech that day. Wouldn´t it be good if the focus in his speech was on microfinance as [...]
Accion is illustrating poverty fighting strategies, what they are doing now and what are planning to do later in their report for 2007. They write about the problems of the microfinance world and how to solve them. Download the annulal report here if you are interested in microfinance and microcredit.
On the Accion webpage you can find videos that presents the work in bringing financial services to the poor. The videoclips are from areas in the U.S., Peru, Uganda and Tanzania. You find introduction videos, a how to set up MFI-video, microentrepreneus telling their story and about the partners in the microfinance industry. Here you find the microfinance videos.
Almost everywhere around the world the stockmarkets have been falling in the last time, due to things like banks loosing money in subprime loans. But not everything are loosing value nowadays. The microfinance industry is developing and more traditional financial institutions are opening their eyes for microfinance because they starts to see the huge opportunities. Investing in microfinance and helping people start busiensses means profits for both the lender and borrower. It´s a stable and [...]
Vanatau belongs to the poorest countries of the pacific areas. Many people are out of reach of modern and secure banking services in the rural areas of Vanuatu. Some people that are employed by the government must make long trips to the nearest branch of the National Bank of Vanuatu (NBV) to deposit their salary in the bank. Some farmers are even hiding their money by burying it in the ground rather than going the [...]
