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Microfinance-Empowering the Poor

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luisa peterson

on 6 January 2013

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Transcript of Microfinance-Empowering the Poor

Versions of Microfinance How it works About Microfinance Definition:
Microfinance is a general term to describe financial services to low-income individuals or to those who do not have access to typical banking services. Muhammad Yunus Date of Birth: June 28, 1940
Marital Status: Married
Nationality: Bangladeshi
Education: Ph.D in Economics, Vanderbilt
University, U.S.A.(1970) Differences to Normal Banks Goal The Beggar Programm by Luisa & Marie Microfinance-
Empowering the Poor A Successful Story
Definition
How it works
Muhammad Yunus
Versions of Microfinance
The Beggar Programm
Differences to normal Banks
A successful story
Sources
Definition
How it works
Muhammad Yunus
Versions of Microfinance
The Beggar Programm
Differences to normal Banks
A successful story
Sources
Definition
How it works
Muhammad Yunus
Versions of Microfinance
The Beggar Programm
Differences to normal Banks
A successful story
Sources
Definition
How it works
Muhammad Yunus
Versions of Microfinance
The Beggar Programm
Differences to normal Banks
A successful story
Sources
Definition
How it works
Muhammad Yunus
Versions of Microfinance
The Beggar Programm
Differences to normal Banks
A successful story
Sources
Definition
How it works
Muhammad Yunus
Versions of Microfinance
The Beggar Programm
Differences to normal Banks
A successful story
Sources
Definition
How it works
Muhammad Yunus
Versions of Microfinance
The Beggar Programm
Differences to normal Banks
A successful story
Sources Questions?
Comments?
Requests? His vision The beginning MFI Poors Financial Instiution Loans Fund Transfers Insurance Saving Accounts Financial Institutes Donors Private Equity gives loans to invest EXISTANCE pay back less than half of the population have access to financial institutes Micro Financial Institutes education make people profitably self employed goods and services
help the community housing give information to microfinance & women
-there are companies that are just giving credits to women75% of the recipients are women
--> the status of women improved
--> women seem to be credit worthier
--> tend to accept smaller loans about 95% Microcredit Microinsurance Microsavings -most common service of microfinance Protection against the most important risks Products:
live insurance
health insurance
livestock insurance
harvest insurance How it works:
poor people protect themselves or their property
like normal insurances save money voluntary saving:
-protection for crises
-for bigger investigations
-times without enough money forced saving:
-backup for the microcredit giving institutes profitability help poor people getting costumers through branches village or group meetings products savings, credit remittance, fund transfair mainly credits fund owned and borrowed capital donations and borrowed money cost of capital 8% 14% type of institution financial goal financial institution service institution maximal profit maintain Total eradication of poverty from the world
->work way out of poverty with dignity
Fundamental rethink on the economic relationship between the rich and the poor Right to credit as a fundamental human right Promoting the will to survive in the first and most essential element of the economic cycle — Man Grameen bank Beggars about 80,000 Households Salespeople Indian give small loans (10$) to beg & sell toys, sweets etc. successfull become pay back loans India:
Parveen Baji
beggar, illiterate, 9 Children, wife of an abusive, drug-addicted husband received 70$ learned reading& arithmetics runs restaurant & catering service with 8 employees sent some children to school, one to college built a laundry to keep her husband busy bought a home Sources: http://www.nytimes.com/2010/11/14/opinion/14kristof.html
http://www.kiva.org/
http://www.microfinancegateway.org/p/site/m/
http://www.visionmicrofinance.com/
http://www.microfinance.com/
http://www.muhammadyunus.org/
http://www.microinsurancecentre.org/
http://en.wikipedia.org/wiki/Microinsurance
http://www.uncdf.org/en/financial-services-for-the-poor
Full transcript