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Impact Of Microcredit
The impact of microcredit is the study of microcredit and its impact on poverty reduction which is a subject of much controversy. Proponents state that it reduces poverty through higher employment and higher incomes. This is expected to lead to improved nutrition and improved education of the borrowers' children. Some argue that microcredit empowers women. In the US and Canada, it is argued that microcredit helps recipients to graduate from welfare programs. Critics say that microcredit has not increased incomes, but has driven poor households into a debt trap, in some cases even leading to suicide. They add that the money from loans is often used for durable consumer goods or consumption instead of being used for productive investments, that it fails to empower women, and that it has not improved health or education. The available evidence indicates that in many cases microcredit has facilitated the creation and the growth of businesses. It has often generated self-employment, but ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Microcredit
:''This article is specific to small loans, often provided in a pooled manner. For direct payments to individuals for specific projects, see Micropatronage. For financial services to the poor, see Microfinance. For small payments, see Micropayment.'' Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment, or a verifiable credit history. It is designed to support entrepreneurship and alleviate poverty. Many recipients are illiterate, and therefore unable to complete paperwork required to get conventional loans. As of 2009 an estimated 74 million people held microloans that totaled US$38 billion. Grameen Bank reports that repayment success rates are between 95 and 98 percent. Microcredit is part of microfinance, which provides a wider range of financial services, especially savings accounts, to the poor. Modern microcredit is generally considered to have originated with the Grameen Bank founded ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Milford Bateman
Milford may refer to: Place names Canada * Milford (Annapolis), Nova Scotia * Milford (Halifax), Nova Scotia * Milford, Ontario England * Milford, Derbyshire * Milford, Devon, a place in Devon * Milford on Sea, Hampshire * Milford, Shropshire, a place in Shropshire * Milford, Staffordshire * Milford, Surrey ** served by Milford railway station * Milford, Wiltshire Ireland * Milford, County Cork * Milford, County Donegal New Zealand * Milford Sound * Milford Track * Milford, New Zealand, a suburb of Auckland Northern Ireland * Milford, County Armagh Wales * Milford, Powys, a location * Milford Haven, Pembrokeshire United States * Milford, California * Milford, Connecticut ** Milford station (Connecticut), commuter rail station * Milford, Delaware * Milford Hundred, an unincorporated subdivision of Kent County, Delaware * Milford, Georgia * Milford, Illinois * Milford, Decatur County, Indiana * Milford, Kosciusko County, Indiana * Milford, Iowa * Milford, K ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saifur Rahman (Bangladeshi Politician)
Mohammad Saifur Rahman ( bn, মোহাম্মদ সাইফুর রহমান; October 6, 1932 – September 5, 2009) was a Bangladeshi economist and politician. He was a leader of the Bangladesh Nationalist Party and the longest-serving Finance Minister of Bangladesh. He delivered 12 national budgets in three terms between 1980 and 1981, 1991–1996 and 2001–2006 over a ministerial life spanning from December 1976 until October 2006 in three different governments. He was Trade & Commerce Minister for the first three years, and thereafter Finance and Planning Minister for 12 years. In 1994, he was elected governor of the golden jubilee conference of the World Bank and International Monetary Fund in Madrid, Spain. In 2005, Rahman was awarded Ekushey Padak, the highest state honor of Bangladesh. Life Rahman was born on October 6, 1932, in the village of Baharmardan located in current Mostafapur Union, Moulvibazar Sadar Upazila, Moulvibazar Sadar, Moulvibazar Distri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Andhra Pradesh
Andhra Pradesh (, abbr. AP) is a state in the south-eastern coastal region of India. It is the seventh-largest state by area covering an area of and tenth-most populous state with 49,386,799 inhabitants. It is bordered by Telangana to the north-west, Chhattisgarh to the north, Odisha to the north-east, Tamil Nadu to the south, Karnataka to the west and the Bay of Bengal to the east. It has the second longest coastline in India after Gujarat, of about . Andhra State was the first state to be formed on a linguistic basis in India on 1 October 1953. On 1 November 1956, Andhra State was merged with the Telugu-speaking areas (ten districts) of the Hyderabad State to form United Andhra Pradesh. ln 2014 these merged areas of Hyderabad State are bifurcated from United Andhra Pradesh to form new state Telangana . Present form of Andhra similar to Andhra state.but some mandalas like Bhadrachalam still with Telangana. Visakhapatnam, Guntur, Kurnool is People Capital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Compartamos Banco
Compartamos Banco is a Mexican bank and the largest microfinance bank in Latin America, serving more than 2.5 million clients. The bank was founded in 1990 and is headquartered in Mexico City. The bank is engaged in the credit and insurance sectors. In the Credit division, Compartamos offers a range of loans, including Woman Credit, Additional Credit, Home Improvement Credit, Solidarity Credit and Individual Credit, and in the Insurance division it provides Life Insurance and Integral Insurance. The company has 352 service offices in the Mexican domestic market. History Founded by Jose Ignacio Avalos Hernandez as an NGO in 1990, Compartamos aimed to alleviate poverty by providing microcredit to small businesses, initially by offering loans to women at the base of the economic pyramid. In order to grow the fund, it was decided to incorporate as a for-profit company in 2000, and a commercial banking license was obtained in 2006 In 2007 Compartamos controversially raised $467 m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York University
New York University (NYU) is a private research university in New York City. Chartered in 1831 by the New York State Legislature, NYU was founded by a group of New Yorkers led by then- Secretary of the Treasury Albert Gallatin. In 1832, the non-denominational all-male institution began its first classes near City Hall based on a curriculum focused on a secular education. The university moved in 1833 and has maintained its main campus in Greenwich Village surrounding Washington Square Park. Since then, the university has added an engineering school in Brooklyn's MetroTech Center and graduate schools throughout Manhattan. NYU has become the largest private university in the United States by enrollment, with a total of 51,848 enrolled students, including 26,733 undergraduate students and 25,115 graduate students, in 2019. NYU also receives the most applications of any private institution in the United States and admission is considered highly selective. NYU is organiz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yale University
Yale University is a Private university, private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the List of Colonial Colleges, third-oldest institution of higher education in the United States and among the most prestigious in the world. It is a member of the Ivy League. Chartered by the Connecticut Colony, the Collegiate School was established in 1701 by clergy to educate Congregationalism in the United States, Congregational ministers before moving to New Haven in 1716. Originally restricted to theology and sacred languages, the curriculum began to incorporate humanities and sciences by the time of the American Revolution. In the 19th century, the college expanded into graduate and professional instruction, awarding the first Doctor of Philosophy, PhD in the United States in 1861 and organizing as a university in 1887. Yale's faculty and student populations grew after 1890 with rapid expansion of the physical campus and sc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dean Karlan
Dean Karlan is an American development economist. He is Professor of Economics and Finance at Northwestern University where, alongside Christopher Udry, he co-founded and co-directs the Global Poverty Research Lab at Kellogg School of Management. Karlan is the president and founder of Innovations for Poverty Action (IPA), a New Haven, Connecticut, based research outfit dedicated to creating and evaluating solutions to social and international development problems. He is also a Research Fellow and member of the Executive Committee of the board of directors at the Abdul Latif Jameel Poverty Action Lab (J-PAL) at the Massachusetts Institute of Technology. Along with economists Jonathan Morduch and Sendhil Mullainathan, Karlan served as director of the Financial Access Initiative (FAI), a consortium of researchers focused on substantially expanding access to quality financial services for low-income individuals. On 15 of November 2022 he was nominated USAID Chief Economis Together wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frankfurter Rundschau
The ''Frankfurter Rundschau'' (FR) is a German daily newspaper, based in Frankfurt am Main. It is published every day but Sunday as a city, two regional and one nationwide issues and offers an online edition (see link below) as well as an e-paper. Local major competitors are the conservative-liberal '' Frankfurter Allgemeine Zeitung'' (FAZ), the local edition of the conservative tabloid ''Bild'', the best-selling newspaper in Europe, and the smaller local conservative '' Frankfurter Neue Presse''. The ''Rundschau's'' layout is modern and its editorial stance is social liberal. It holds that "independence, social justice and fairness" underlie its journalism. Frankfurter Rundschau Druck and Verlagshaus GmbH filed for bankruptcy on 12 November 2012. Then the paper was acquired by ''Frankfurter Allgemeine Zeitung'' and Frankfurter Societät (publisher of the ''Frankfurter Neue Presse'') in 2013, by taking over just 28 full-time journalists. The FR editorial board continued to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cyclone Sidr
Extremely Severe Cyclonic Storm Sidr was a tropical cyclone that resulted in one of the worst natural disasters in Bangladesh. The fourth named storm of the 2007 North Indian Ocean cyclone season, Sidr formed in the central Bay of Bengal, and quickly strengthened to reach peak 1-minute sustained winds of , making it a Category-5 equivalent tropical cyclone on the Saffir–Simpson scale. The storm eventually made landfall in Bangladesh on November 15, 2007, causing large-scale evacuations. At least 3,447 deaths have been blamed on the storm, with some estimates reaching 15,000. Save the Children estimated the number of deaths associated with the cyclone to be between 3,100 and 10,000, while the Red Crescent Society reported on November 18 that the number of deaths could be up to 15,000. Other aid agencies have estimated a death toll of up to 15,000. International groups pledged US$95 million to repair the damage, which was estimated at 196.25 billion taka (US$2.31 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monga (Bangladesh)
Monga is a Bengali term referring to the yearly cyclical phenomenon of poverty and hunger in Bangladesh. It is also called "mora Kartik," which means "months of death and disaster." It refers to two times per year, from September–November (after the ''aman'' crop is planted) and from March–April (after the ''boro'' crop is planted). These natural phenomena lead to fewer available job opportunities for rural workers, resulting in the workers becoming migrant and moving to towns. Those who cannot migrate can face malnutrition and starvation. The public awareness of Monga has risen with media focus in the 2000s. It was cited in Bangladesh's Poverty Reduction Strategy Paper, and has been the subject of NGO aid programs. Risk and vulnerability The risk of monga is identified by the Overseas Development Institute as resulting from/being:Rebecca Holmes, John Farrington, Taifur Rahman and Rachel Slater (2008Extreme poverty in Bangladesh: Protecting and promoting rural livelihoodsLondon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kurigram District
Kurigram District ( bn, কুড়িগ্রাম) is a district of Bangladesh in the Rangpur Division. The district is located in northern Bangladesh along the country's border with India. Under Indian rule, the area was organized as a mahakuma and was not established as a district until 1984. Etymology The name "Kurigram" is derived from the words ''Kuri'' and ''Gram''. ''Kuri'' means "twenty" and ''Gram'' means "village" in Kol, a Munda language formerly spoken in the district. History The region has historically been viewed as a part of Gaurabardhan (today Mahasthangarh) or Kamrup (today Assam). When the Kamrup kingdom was divided into many small kingdoms, the northern half of the Kurigram area was controlled by the new polity Cooch Behar, while the southern half became a part of the Uari kingdom. At the beginning of the 12th century, the Khen dynasty emerged as a power in the area of Kurigram, led by such kings as Chakradhwaj and Nilambor. The capital of this ne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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