View allAll Photos Tagged MicroFinance
They are the equivalent of our hakot crowd, microfinance clients who were bused in to hear their president address the conference.
Nikon D40 (INAFI International Conference on Microfinance, Migration and Development, November 2007)
Professor Yunus, the “father of microfinance” founded the Grameen Bank in Bangladesh on the premise that the poor are creditworthy. In 2006, Professor Yunus and the Grameen Bank were jointly awarded the Nobel Peace Prize “for their efforts to create economic and social development from below.”
Savar, Bangladesh, 2013
In life whoever is alive, has his own way of living.
No matter whats his job.
No matter what he does for living.
The principle of living is similar in everywhere.
Md. Zakir Hossian, an employee of a local dairy farm. He along with another 3 peoples take care 40 cow in this farm. These cows are very close to him, and they have different names. Most interestingly they cow respond to him when he called these cows by their names.
After going to CRB Hill we went to have some food at a local kebab house and then right beside it we went for some tea.
It was a different day, finally getting Nayeem bhai out to take some photographs.
The group of women from the Mevat District in Haryana have driven all the way to Akbarpur to learn how to form a self help group of their own from the women at Akbarpura. For the next hour or so they had a long discussion on the mechanics of microfinancing, on how money should be saved, how loans should be dispensed, how to deal with defaulters etc. I felt I might has well have been in an office conference room in Bombay listining to suit clad MBAs rather than in village in rural rajastan in the company of very smart women in their colourful salwars.
The women of the village of Akbarpur in Alwar District Rajasthan are part of novel scheme - the women in the picture have formed a self help microfinancing group so that they can have a greater say in the welfare of there community. They meet every fortnight and collect money from each of their members on which they give out small loans - for a new buffallo or a water-punp or for some medical help. In the 2 years the 30 or women of this tiny village on the Alwar - Jaipur highway has a corpus of over 200,000 ruppees.
Actress and social activist Natalie Portman at Columbia University discussing her work and role with global microfinance organization FINCA International
(I don't remember how Colin ended up cropping this photo for the newspaper, but it was a better framing than this one)
Ziana and Shabina begum are filled with a new found sense of empoverment - they through their small self help co-operative have succesfully found a voice and a hand to change the society they live in and with that they have earned a reason to be proud.
The women of the village of Akbarpuara in Alwar District Rajasthan are part of novel scheme - the women in the picture have formed a self help microfinancing group so that they can have a greater say in the welfare of there community. They meet every fortnight and collect money from each of their members on which they give out small loans - for a new buffallo or a water-punp or for some medical help. In the 2 years the 30 or women of this tiny village on the Alwar - Jaipur highway has a corpus of over 200,000 ruppees.
INDIA: Despite Fears of a Bubble, Microfinance Needed for Growth
BHUBANESWAR, India, Jun 10, 2011 (IPS) - Sambari Naik never went to school and is determined to give her daughter Rebati an education. But 13-year-old Rebati seldom did well in her studies, often dozing over her books beside a flickering and smoky kerosene wick lamp in their house, which had no electricity.
Clients of MiBank in Waigani Central branch.
The Microfinance Expansion Project will support the further development of the microfinance sector in Papua New Guinea.
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Nurse checks on a patient of a privately owned clinic in Samarkand, Uzbekistan. The health center was assisted by an ADB-supported $50 million micro-credit project.
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It took 15 years for Gloria Kabagwira to get back to her native Rwanda. With the right training and access to credit, it only took three more for the 46-year-old to become one of her district’s most successful farmers. Read Gloria's full story here: www.handinhandinternational.org/casestudy/meet-gloria-the...
Microfinance Rwanda Women Entrepreneurs
PHOTO CREDIT. If you would like to use this image, please credit Georgina Goodwin, Hand in Hand International with the hyperlink: www.hihinternational.org/. Thank you.
This work by Hand in Hand International is licensed under a Creative Commons Attribution 4.0 International License.Based on a work at www.hihinternational.org/.Permissions beyond the scope of this license may be available at www.hihinternational.org/.
The trailer of a short film I am working on about self-sustaining community-based microfinance initiatives supported by Tata Trusts.
Sakh Se Vikas (SSV): Addressing Financial and Social Exclusion
Despite being the largest state in India, Rajasthan lags behind other states on many development indicators. Its hostile climatic conditions, arid terrains, weak infrastructural facilities and frequent droughts have impeded efforts for development.
In March 2003, the Tata Trusts’ launched the Sakh Se Vikas programme in Rajasthan to promote self-sustaining community-based microfinance initiatives to strengthen livelihoods and reduce the vulnerability of marginalised people. It helps rural communities avail of financial support at reduced interest rates, setting them free from the tyranny of money lenders. The programme has wrought social change by increasing the involvement of women in decision-making processes.The nodal agency for the implementation of all the Trusts' projects under Sakh Se Vikas is the Centre for micro Finance (CmF).
Filmed, edited & directed by Firoz Ahmad
Shot with Sony, Sennheiser and Zeiss gear.
MiBank training for villagers in Central Province.
The Microfinance Expansion Project will support the further development of the microfinance sector in Papua New Guinea.
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Microfinance India Women Entrepreneurs
PHOTO CREDIT. If you would like to use this image, please credit Hand in Hand International with the hyperlink: www.hihinternational.org/. Thank you.
This work by Hand in Hand International is licensed under a Creative Commons Attribution 4.0 International License.Based on a work at www.hihinternational.org/.Permissions beyond the scope of this license may be available at www.hihinternational.org/.
The regional TA will support the Microfinance Risk Participation and Guarantee Program in addressing market gaps while strengthening financing for home improvement and upgrading housing and access to water supply and sanitation through the provision of loan loss guarantees, targeting these end-use specific loans. The TA addresses bottlenecks by providing a first-loss guarantees on loans that partner financial institutions extend to MFIs, specifically targeted at home improvement and improving access to water and sanitation In addition, the TA will also provide capacity building to MFIs covering: (i) product development, project planning and implementation with the targeted micro-borrowers; (ii) training of MFI staff; (iii) establishing guidelines for climate-resilient model housing and materials; and (iv) creating local language content knowledge-dissemination and training materials. Given the requirements of the TA providers; the TA has been designed and is being implemented on a regional basis.
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Building Community Resilience through Microfinance in Lagging Peri-Urban Settlements
Microfinance loan helped him stabilize his plastic weaved beds trade. Photo: Salahaldeen Nadir / World Bank
Increasing access to credit, providing adequate training and instilling the culture of saving through Village Savings and Loan groups is a sustainable way to increase household income and end poverty. A woman contributing her savings in a VS&L group in Salima district, central region of Malawi under the Tiwalere OVC project being implemented by Feed the Children and its partners with support from USAID.
Credit: Feed the Children / Amos Gumulira
OFCA (Central African Women Association) women visited a building that will be restored into a microfinance office for women communities in Ndélé.
Credits: OCHA | www.hdptcar.net
Chuadanga, Bangladesh, 2008.
We should better look at the root level.
Rather than keeping our gaze fixed at multinationals.
Warid, Banglalink, Uniliver and Proctor-Gamble.
....or GrameenPhone in a disguise of the benefactor of poor.
Sitting on the top of the financial pyramid...
They suck on the blood of the industrious community.
Exploiting the true finance of a country.
Providing little help, and taking away everything, in the name of microfinance.
Captured from Chuadanga, Bangladesh. Farmers returning with the mechanized tiller used for ploughing the field.
this was #9 (persuade). It was on microfinance, and how it's possible to make a huge difference to someone's life with as little as $25 through a microcredit organization such as kiva.
Here are my notes for the speech so you can read them:
World bank:
extreme poverty $1/day
moderate poverty $2/day
3.8 billion people live on less than $2 a day
these people are poor for a myriad of reasons which are not their fault
deficiencies in public administration
failures of their environment
overpopulation
disease
whatever the reason, they are unable to thrive
what have you done to help?
give money to charities..
and when you do, do you pay attention to what percentage of your donation goes to helping people
when you give to charities do you know who's life you've changed?
aid can do good
but specifically in africa, despite the billions of dollars poured in to the continent, of people in extreme poverty is increasing
increasing aid increases dependency on aid as free goods flood the market and put local merchants out of business
if you're given everything, how much incentive do you have to become self reliant?
just after the new year, i got an email saying that manuella had finished paying back her loan
manuella enterprising woman who raised money for her current store by giving massages and manicures
now she sells school supplies and she had just paid back a loan to buy a photocopier which will expand her business
I was impressed by how she bootstrapped
and so when I found her profile on kiva, I lent her part of what she was asking for
32 other people also contributed to her loan
which was then distributed by one of kiva's field partners in ecuador
kiva is a person to person microlending organization
$700,000 loaned
to 2026 entrepreurs
i went back to kiva and started looking at other available loans
i lent to
safina in tanzania who works 10 hour days to make $50/mo expand her business selling cloth
sun chrip, mother of 4 in cambodia build a roof and a sturdy wall so that her house wouldn't leak.
loans are few hundred to 1000, many people contribute to one loan
small sums would never be lent by a normal bank
and because the borrowers have no credit
because the administrative costs outweigh the interest on the loan
first microfinance bank
Grameen bank started by Muhammad Yunus as a research project to test this method for providing credit and banking services to the rural poor
grameen means 'of the village', so this is is a bank of, for and by the people
aim to lend to the poorest of the poor
it was wildly successful
In 2006, Yunus and the Grameen bank were jointly awarded the nobel peace prize
for their efforts to create economic and social development from below.
Lasting peace can not be achieved unless large population groups find ways in which to break out of poverty.
...
That vision can not be realised by means of micro-credit alone. But Muhammad Yunus and Grameen Bank have shown that, in the continuing efforts to achieve it, micro-credit must play a major part."
why does microlending work so well
targeting women
more likely to spend money on improving their family and children
than to spend it on themselves
raises socio economic status gives them power
2nd innovation
group lending
group not responsible for the loan
but will not receive another loan if any of the members defaults
encourages others to fill in, and to help each other make payments
borrowers have better information about each other than the bank, credit
support group, community, business ideas
traditional aid doesn't have the power to affect people at this level
loans are small
and have tremendous potential to affect the lives of the recipients
who has become rich from receiving handouts?
prosperity is the result of opportunity and effort
microlending gives the opportunity and allows people to
to provide services and gain esteem in their community
to gain skills
build their own future, to become self reliant
the next time you want to give money, take a minute to consider WHO you are giving it to.
sources
wikipedia
kiva
microplace
www.csa.com/discoveryguides/microfinance/review2.php?SID=...
Microfinance India Women Entrepreneurs
PHOTO CREDIT. If you would like to use this image, please credit Hand in Hand International with the hyperlink: www.hihinternational.org/. Thank you.
This work by Hand in Hand International is licensed under a Creative Commons Attribution 4.0 International License.Based on a work at www.hihinternational.org/.Permissions beyond the scope of this license may be available at www.hihinternational.org/.
The regional TA will support the Microfinance Risk Participation and Guarantee Program in addressing market gaps while strengthening financing for home improvement and upgrading housing and access to water supply and sanitation through the provision of loan loss guarantees, targeting these end-use specific loans. The TA addresses bottlenecks by providing a first-loss guarantees on loans that partner financial institutions extend to MFIs, specifically targeted at home improvement and improving access to water and sanitation In addition, the TA will also provide capacity building to MFIs covering: (i) product development, project planning and implementation with the targeted micro-borrowers; (ii) training of MFI staff; (iii) establishing guidelines for climate-resilient model housing and materials; and (iv) creating local language content knowledge-dissemination and training materials. Given the requirements of the TA providers; the TA has been designed and is being implemented on a regional basis.
Read more on:
Building Community Resilience through Microfinance in Lagging Peri-Urban Settlements
Hand in Hand business trainees learn all kinds of skills – customer care, market research, product diversification – but carpet weaver Habiba, who joined a self-help group last year, credits two in particular with lifting her out of extreme poverty: saving and carpet design. Given her six-fold increase in monthly income, it’s easy to see why. Read Habiba's full story here: www.handinhandinternational.org/casestudy/habiba_weaving/
Microfinance Afghanistan Women Entrepreneurs
PHOTO CREDIT. If you would like to use this image, please credit Hand in Hand International with the hyperlink: www.hihinternational.org/. Thank you.
This work by Hand in Hand International is licensed under a Creative Commons Attribution 4.0 International License.Based on a work at www.hihinternational.org/.Permissions beyond the scope of this license may be available at www.hihinternational.org/.
In order to strengthen the financial sector in South Sudan and help provide small entrepreneurs access to credit, USAID is funding the Finance Sudan Limited (FSL) Program, established in 2006 as one of the only microfinance lenders in the country.
Since March 2010, the program has increased the number of clients it serves nearly fourfold--from 2,535 to 9,385.
Adam is one of FSL’s beneficiaries in Juba. In 2007 he earned his living as a driver. After four weeks of training on business management skills and the loan policies , he qualified for his first loan cycle of 1,000 Sudanese pounds, an equivalent of $350 and the maximum amount a new client could receive.
With the loan, he opened his own shop and was so successful, he was able to finish paying off his first loan in six months. Now, Mr. Abraham is finishing repayment of a second loan of 2,000 Sudanese pounds ($700) to grow his business and he will be able to access a third loan in the coming months.
“The loan of 2,000 Sudanese pounds I am currently servicing has significantly multiplied my market’s stock and, through FSL, I am also opening another business. Now I am able to feed my family well out of the increased profits of the two businesses.” Adam plans to diversify his business by investing in the transport sector.
(FSL)
Members of Kagora Women’s Group, prepares fish fillet dishes to be sold in their neighbourhood for extra income.
The Microfinance Expansion Project will support the further development of the microfinance sector in Papua New Guinea.
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A Bangladeshi women wearing a colourful traditional sari receives training in producing solar cells at the Grameen Center in the rural town of Bogra in the Rajshahi division of northern Bangladesh. Improving access to technical and vocational skills development for women in non-traditional trades is slowly working towards removing the gender stereotyping and occupational segregation which has existed for many years. © ILO
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivs 3.0 IGO License. To view a copy of this license, visit creativecommons.org/licenses/by-nc-nd/3.0/igo/deed.en_US.
Irene Mpoy explains to U.S. Secretary of State John Kerry microfinance assistance to women like her given by Patricia Nzolantima, center, allowed them to start medical supply stores like the one he toured in Kinshasa on May 3, 2014. [State Department photo/ Public Domain]
Fish vendors on their way to the market in Tubusereia fishing village.
The Microfinance Expansion Project will support the further development of the microfinance sector in Papua New Guinea.
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A child poses for a portrait at home in Chennai, India. The boys parents received a loan from Mahasemam Trust to start cobbler business (shoe making). According to the boys father, the profitability of the business allowed him to send the boy to school.
The 1994 genocide in Rwanda took Marie Consolee’s husband and child. For almost 20 years, it also took her ability to hope. But on a hot, still day in January 2014, the one-time teacher from Kiziguro village finds herself dreaming of a better future. “I am no longer begging for things or money. I can get what I need on my own.” Read the full story of Maria Consolee here: www.handinhandinternational.org/casestudy/business-heats-...
Microfinance Rwanda Women Entrepreneurs
PHOTO CREDIT. If you would like to use this image, please credit Georgina Goodwin, Hand in Hand International with the hyperlink: www.hihinternational.org/. Thank you.
This work by Hand in Hand International is licensed under a Creative Commons Attribution 4.0 International License.Based on a work at www.hihinternational.org/.Permissions beyond the scope of this license may be available at www.hihinternational.org/.
Account holders at a MiBank agent in Jiwaka Province (Binzice Ambra Association).
The Microfinance Expansion Project will support the further development of the microfinance sector in Papua New Guinea.
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Rabih has been passionate about fishing since he was a boy. He used to give half of his earnings to the boat’s owner and had trouble supporting his family. Thanks to a loan he received through the Lebanon Investment in Microfinance Program, he was able to buy his own boat and build his business. Implemented by IESC, the LIM program works with microfinance institutions in Lebanon to extend loans to rural entrepreneurs who have trouble getting a traditional bank loan.
Credit: IESC / Steve Dorst
Banana Leaf owner Raj Perera (top right) with BCNA's Dong Tran (top left), Maria Paulino (bottom left) and Francess Smith (bottom right)
Technoprint is a waste paper processing factory in Uzbekistan. It was assisted by an ADB-supported $50 million Small and Microfinance Development Project.
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Women collaborate to weave ornate garlands from fresh flowers. The business was created with a microloan from Mahasemam and now employs seven family members. Madurai, India.
Curious Iguana - a new independent bookstore in downtown Frederick - opened on Saturday, September 7, 2013
INDIA: Despite Fears of a Bubble, Microfinance Needed for Growth.
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BHUBANESWAR, India, Jun 10, 2011 (IPS) - Sambari Naik never went to school and is determined to give her daughter Rebati an education. But 13-year-old Rebati seldom did well in her studies, often dozing over her books beside a flickering and smoky kerosene wick lamp in their house, which had no electricity..
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