Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Make your likes visible on Facebook?

Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.

No, thanks

community based micro financing

No description
by

Ryan McDonald

on 18 February 2013

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of community based micro financing

catalyst for the broader goal of international economic development microfinancing
in communities Ultimately, the goal of microfinance is to give low income people an opportunity to become self-sufficient by providing a means of saving, borrowing, and insuring their money.
THE PROBLEM:

banks don't loan to people without cash, income, or assets
high costs to manage an account
it is risky and difficult to collect from small clients

DR. MOHAMMAD YUNUS

Professor of Economics at Chittagong University in the 1970's

Founded Grameen Bank to begin lending to women in Bangladesh

Mr. Yunus won the Nobel Peace Prize in 2006 for his work with microfinance. "There is an influential view that argues that, by putting more spending power in the hands of poor families, and, perhaps more importantly, in the hands
of women, microcredit can expand investment in child health and education, empower women and reduce discrimination against them."

Nicholas D. Kristof, NY TIMES
"The Role of Microfinance" “After eight years of borrowing, 55 percent of Grameen households still aren’t able to meet their basic nutritional needs – so many women are using their loans to buy food rather than invest in business.”

Thomas Dichter of CATO
"Evaluating the Criticism of Microfinance, Microloans, and Microlending" "However, as we see it, micro credit seems to have delivered exactly what a successful new financial product is supposed deliver—allowing people to make large purchases that they would not have been able to otherwise."

Nicholas D. Kristof NY TIMES
"The Role of Microfinance" For almost all significant impacts, the magnitude of impact is positively related to the length of time individuals have been using the program

UNCDF
"Microfinance" Today, the World Bank estimates that about 160 million people in developing countries use Microfinance in some form

worldbank.org other issues:
informal saving
mismanagement
gender roles globalvision.org borrowers are able to take their future into their own hands instead of simply being a charity case
Full transcript