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Check out VillageBanking.org for more pictures and information on the Village Banking Campaign, a global effort to help people change their lives, that of their families, and their communities with small microfinance loans.
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The “Over-indebtedness Revisited – What We Have Learned” panel at the 2011 MFC Annual Conferece featured Elvira Lefting of Finance in Motion; Sylvia Spannuth of Finance in Motion; Fabrizio Fraboni of Financial Infrastructure, IFC; Natasa Goronja of IFC Advisory Services Eastern Europe and Central Asia; Marti n Heimes of responsAbility Social Investment AG; Andrew Pospielovsky of Access Bank; and Jhale Hajiyeva of AMFA.
The European microfinance programme is meant to help vulnerable groups and unemployed people to start up their own business to help with the recovery from the crisis. If Parliament agrees, the money could start flowing early in 2010. The Employment Committee wants separate funding, unlike the Commission, which is proposing using money taken from another vital EU help scheme. We spoke to her Hungarian Socialist Kinga Göncz about her report which will be debated by Parliament (14 December).
Read more: www.europarl.europa.eu/news/public/story_page/045-66344-0...
©European Parliament/Pietro Naj-Oleari
Daughter of Myo Thu.
Myo Thu lives in the Dry Zone with his wife, his parents and his 6-year-old daughter. He got a loan of 600 dollars from Proximity Finance, for the fourth year in a row.
Myo mainly grows eggplants, chili peppers, tomatoes, beans and corn.
Unfortunately, there are a lot of health problems in the family. His aunt suffers from breast cancer and his father had a stroke five years ago.
"Without my dad helping out in the fields and the extra medical costs on top of that, our situation got very bad", says Myo. "It was a tough year to survive. When we received our first loan from Proximity Finance we had some financial room to buy medicines."
Just like the other farmers in the region, the family is also hit hard by climate change. In 2017, the area flooded and destroyed the crops.
But Myo remains resourceful, resilient and determined to expand his business. With a bigger loan, he hopes to buy a car so he can sell his produce on a local market, as well as transport the produce of the other farmers in the area.
"I also want to save money for the education of my daughter. She wants to become a teacher. I really wish a good future for her."
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In Myanmar, Cordaid supports Proximity Finance, a microfinance institution that provides loans to thousands of farmers and vulnerable families in regions that suffer from poverty and the consequences of climate change.
Because of these loans and other forms of support they receive, like information on farming, technology and the local market, the farmers are able to improve their lives significantly.
The low interest rates allow them to pay off their debts relatively easily and gain extra income to cover essential expenses like hospital bills or school fees for their children.
In 2008 the country was hit hard by cyclone Nargis. Many people lost their entire farming business and livelihood. Proximity Finance stepped up and started helping farmers with small loans, enough to get their businesses running again. This offered a safe alternative to loan sharks, who illegally lend money at extremely high interest rates.
Now, these families can carry out their farming activities and even grow their business to increase their income and send their children to college. This way an entire generation will be able to escape poverty to start building a better future for Myanmar.
Twice a week the women at New Destiny gather for devotion where they sing, pray, dance, and hear Steven's words of encouragement and hope. Donna V. Smith accompanied us on our visit and played her violin.
DFID Pakistan: Mona is running a dress making business set up using a microfinance loan backed by UKaid. Over next few years, UKaid will help around 1.5 million poor people (more than half of them women) access microfinance and help expand branchless banking so that millions more people can manage their finances from their mobile phones. Find out more: www.dfid.gov.uk/pakistan
Sana' is 39 years old. She and her husband have five children. As is the case with too many women in Iraq, she worked hard every day and struggled, alongside her husband, to provide a decent life for her children.
Sana’ was forced to move from her home in the city to the countryside, to live with her husband’s family. The transition was difficult in many ways, but her determination to improve her family’s life kept her going.
She learned about CHF International’s Access to Credit Services Initiative (ACSI) through her husband, who is employed as a driver for the CHF Community Action Program. She soon took out a loan, using the money to purchase livestock. She used the milk to produce homemade cheese and yoghurt. Her profits from this project increased, and she was able to pay back the loan on time.
Sana’ kept working hard, and her confidence and ambition grew. She applied for a second loan, of 3,000 USD over a 12 month period. With that money, she built a shelter for her animals and was able to increase her production. Word of her product spread in her village, and her customer base continued to grow.
Sana’ was so successful that her contribution to the family income enabled them to build extra rooms to expand their humble 2 room home, to more comfortably accommodate a family of 7.
Dedication and commitment like that shown by Sana’ is not uncommon. Although the obstacles against women like Sana’ are great, with a bit of help at the right time from CHF, these women can regain control of their own futures.
Photo by Usama Hamied Husain for CHF International
To find out more about how DFID is helping the situation in Gaza, please visit:
www.dfid.gov.uk/Media-Room/News-Stories/2009/Gaza---one-y...
Image supplied by, and copyright UNRWA and reproduced with permission.
Microfinance Research Award & Photo Contest
MFC-EMN Annual Conference 2018
Day 2 - Friday 5/10/2018, Euskalduna Palace
All pics by Asier Camacho
Panelists discussed various elements of transformation, including the strategic approach of investors to transforming MFIs. The event was moderated by Cholpon Kokumova, Azerbaijan and Central Asia Microfinance Transformation Support, IFC and panelists included: Gulnara Shamshieva, Bai-Tushum Microfi nance Company; Sanavbar Sharipova, IMON International; and Christopher Arthur Bloomfield, Microfinance Transformation Support IFC.
Myo Thu lives in the Dry Zone with his wife, his parents and his 6-year-old daughter. He got a loan of 600 dollars from Proximity Finance, for the fourth year in a row.
Myo mainly grows eggplants, chili peppers, tomatoes, beans and corn.
Unfortunately, there are a lot of health problems in the family. His aunt suffers from breast cancer and his father had a stroke five years ago.
"Without my dad helping out in the fields and the extra medical costs on top of that, our situation got very bad", says Myo. "It was a tough year to survive. When we received our first loan from Proximity Finance we had some financial room to buy medicines."
Just like the other farmers in the region, the family is also hit hard by climate change. In 2017, the area flooded and destroyed the crops.
But Myo remains resourceful, resilient and determined to expand his business. With a bigger loan, he hopes to buy a car so he can sell his produce on a local market, as well as transport the produce of the other farmers in the area.
"I also want to save money for the education of my daughter. She wants to become a teacher. I really wish a good future for her."
---
In Myanmar, Cordaid supports Proximity Finance, a microfinance institution that provides loans to thousands of farmers and vulnerable families in regions that suffer from poverty and the consequences of climate change.
Because of these loans and other forms of support they receive, like information on farming, technology and the local market, the farmers are able to improve their lives significantly.
The low interest rates allow them to pay off their debts relatively easily and gain extra income to cover essential expenses like hospital bills or school fees for their children.
In 2008 the country was hit hard by cyclone Nargis. Many people lost their entire farming business and livelihood. Proximity Finance stepped up and started helping farmers with small loans, enough to get their businesses running again. This offered a safe alternative to loan sharks, who illegally lend money at extremely high interest rates.
Now, these families can carry out their farming activities and even grow their business to increase their income and send their children to college. This way an entire generation will be able to escape poverty to start building a better future for Myanmar.
The opening panel of the 2011 MFC Annual Conference, “Reorienting Microfinance: Generating New or Repairing the Old?” featured Maria Teresa Zappia of BlueOrchard, Professor Dr. Adalbert Winkler of the Frankfurt School of Finance and Management, Dr. Milford Bateman of the University of Juraj Dobrila Pula, Christian Speckhardt of responsAbility, Luka Djurovic of Alter Modus and Rupert Scofield of FINCA International. The panel was moderated by Elvira Lefting of Finance in Motion.
Myo Thu's farm.
Myo Thu lives in the Dry Zone with his wife, his parents and his 6-year-old daughter. He got a loan of 600 dollars from Proximity Finance, for the fourth year in a row.
Myo mainly grows eggplants, chili peppers, tomatoes, beans and corn.
Unfortunately, there are a lot of health problems in the family. His aunt suffers from breast cancer and his father had a stroke five years ago.
"Without my dad helping out in the fields and the extra medical costs on top of that, our situation got very bad", says Myo. "It was a tough year to survive. When we received our first loan from Proximity Finance we had some financial room to buy medicines."
Just like the other farmers in the region, the family is also hit hard by climate change. In 2017, the area flooded and destroyed the crops.
But Myo remains resourceful, resilient and determined to expand his business. With a bigger loan, he hopes to buy a car so he can sell his produce on a local market, as well as transport the produce of the other farmers in the area.
"I also want to save money for the education of my daughter. She wants to become a teacher. I really wish a good future for her."
---
In Myanmar, Cordaid supports Proximity Finance, a microfinance institution that provides loans to thousands of farmers and vulnerable families in regions that suffer from poverty and the consequences of climate change.
Because of these loans and other forms of support they receive, like information on farming, technology and the local market, the farmers are able to improve their lives significantly.
The low interest rates allow them to pay off their debts relatively easily and gain extra income to cover essential expenses like hospital bills or school fees for their children.
In 2008 the country was hit hard by cyclone Nargis. Many people lost their entire farming business and livelihood. Proximity Finance stepped up and started helping farmers with small loans, enough to get their businesses running again. This offered a safe alternative to loan sharks, who illegally lend money at extremely high interest rates.
Now, these families can carry out their farming activities and even grow their business to increase their income and send their children to college. This way an entire generation will be able to escape poverty to start building a better future for Myanmar.
Photos of Good Return's in Nepal
Good Return provides responsible microfinance and education to women in the Asia Pacific. Find out more at www.goodreturn.org
14 years ago, John Kofi Atabio felt like he needed to open a private Christian school for children in his community that was affordable and high quality. At the time, he had no job, no income and no idea how his dream was going to come to pass. But things slowly started to fall into place as the community leaders decided to give him some land and donations were given for him to build the school.
For the school to operate properly, John Kofi had to charge more for children to go to school than he wanted. That’s when he decided to start a small farm of cassava and cocoa on the school property. To do this he went to VisionFund Ghana for a small loan to purchase the necessary inputs for his farm.
Two years and two loans later he has been able to increase his farming significantly and now only has to charge minimal school fees. “VisionFund Ghana has helped me so much, I am thankful for what they have done,” says John. “They have helped me increase the school to build two additional buildings and will help me increase more.”
John Kofi and his wife have also adopted two children, who both go to his school.
Kipkemei Arap Lagat, a 69-year-old father of seven, standing with bricks he produced on his land near Eldoret, Kenya on August 13, 2009. Kipkemei used his first microloan from Kiva partner KADET to buy wood and straw to fire the bricks, and to pay workers to help him form and fire the bricks. Kipkemei is a member of the Banda'Ptai Tpok microfinance borrowers' group, which means "The Way Forward" in the Kalenjin language.
Visit Kipkemei's borrower page on Kiva.org at the link below:
Reda Muhammed Ahmed is one of the trainers in the AYB-SD workshop and obviously loves her job. Read about the difference she's making at www.itbeganinafrica.com/inspiringpeople
IFC Beneficiary: An iron-smith from South Lebanon who used a number of microloans from IFC microfinance client, Vitas, to establish a workshop, buy a power generator and expand his business.
Over £300 million worth of small loans have been given to over 440,000 entrepeneurs in Afghanistan.
60% of the beneficiaries have been women, who are taking a major role in developing the national economy starved by recent conflict.
According to a recent survey, Afghan people cited unemplyment and the economy as their main concerns.
For more on DFID's support for microfinance in Afghanistan visit
Damaris Wairimu, a 25-year-old mother of one, on a break from a microfinance borrowers' group meeting in Eldoret, Kenya on August 13, 2009. Damaris has been using microloans from Kiva partner KADET to buy fabric, handbags, jewelry, and personal care products for resale at her shop and at public markets. She describes herself as a social, talkative, and outgoing, and is a member of the Victory Vision group of borrowers at KADET.
Visit Damaris' borrower page on Kiva.org at the link below:
Twice a week the women at New Destiny gather for devotion where they sing, pray, dance, and hear Steven's words of encouragement and hope.
Microfinance Research Award & Photo Contest
MFC-EMN Annual Conference 2018
Day 2 - Friday 5/10/2018, Euskalduna Palace
All pics by Asier Camacho
Twice a week the women at New Destiny gather for devotion where they sing, pray, dance, and hear Steven's words of encouragement and hope.
Microcredit Summit
1101 15th St NW #1200 Washington DC 20005 USA
(202) 637-9600
hello@microcreditsummit.org
Microcredit Summit is an organization dedicated to lifting 150 million out of poverty.
Improved conditions mean that these calves might grow up to weigh 300kg one day.
Through the Aid for Trade project, UNDP promotes trade and country competitiveness in 11 countries in the region, to reduce poverty and improve peoples’ lives.
Read more about the Aid for Trade project
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Thet Thet Lwin.
Last year, Thet Thet (47) had a disappointing harvest because pests ruined her crops. On top of that, she had to deal with a lot of unforeseen medical costs when her daughter had to have her appendix removed.
With a microloan from Proximity Finance, The The bought a farming appliance which will help her in the rice fields. This helps her tremendously since she is suffering from osteoarthritis and cannot do all the hard work herself.
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In Myanmar, Cordaid supports Proximity Finance, a microfinance institution that provides loans to thousands of farmers and vulnerable families in regions that suffer from poverty and the consequences of climate change.
Because of these loans and other forms of support they receive, like information on farming, technology and the local market, the farmers are able to improve their lives significantly.
The low interest rates allow them to pay off their debts relatively easily and gain extra income to cover essential expenses like hospital bills or school fees for their children.
In 2008 the country was hit hard by cyclone Nargis. Many people lost their entire farming business and livelihood. Proximity Finance stepped up and started helping farmers with small loans, enough to get their businesses running again. This offered a safe alternative to loan sharks, who illegally lend money at extremely high interest rates.
Now, these families can carry out their farming activities and even grow their business to increase their income and send their children to college. This way an entire generation will be able to escape poverty to start building a better future for Myanmar.