All About Microloans
The manual aims to eliminate the gathering of unnecessary client information and minimize risk while at the same time improving overall financial assessment.
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This book’s prime audience is government policy-makers. It provides a policy framework for governments to increase micro, small and medium enterprises’ access to financial services – one which is based on empirical evidence from around the world. Financial sector policies in many developing countries often work against the ability of commercial financial institutions to serve this market segment, albeit, often unintentionally. The framework guides governments on how to best focus scarce resources on three things: developing an inclusive financial sector policy; building healthy financial institutions; and investing in information infrastructure such as credit bureaus and accounting standards. The book provides examples and case studies of how such a strategy has helped to build more inclusive financial institutions and systems in many countries.
List Price: $ 20.00
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Some small business owners cannot understand why a lending
institution refused to lend them money. Others have no trouble
getting funds, but they are surprised to find strings attached to
their loans.
Such owner-managers full to realized that banks and other lenders
have to operate by certain principles just as do other types of
business.
This book discusses the following fundamentals of borrowing:
–Credit worthiness.
–Kinds of loans.
–Amount of money needed.
–Collateral.
–Loan restrictions and limitations.
–The loan application.
–Standards which the lender uses to evaluate the application.
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The author originated the concept of micro loans in the Third World
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Inspired by true events, One Hen tells the story of Kojo, a boy from Ghana who turns a small loan into a thriving farm and a livelihood for many. After his father died, Kojo had to quit school to help his mother collect firewood to sell at the market. When his mother receives a loan from some village families, she gives a little money to her son. With this tiny loan, Kojo buys a hen. A year later, Kojo has built up a flock of 25 hens. With his earnings Kojo is able to return to school. Soon Kojo’s farm grows to become the largest in the region. Kojo’s story is inspired by the life of Kwabena Darko, who as a boy started a tiny poultry farm just like Kojo’s, which later grew to be the largest in Ghana, and one of the largest in west Africa. Kwabena also started a trust that gives out small loans to people who cannot get a loan from a bank. One Hen shows what happens when a little help makes a big difference. The final pages of One Hen explain the microloan system and include a list of relevant organizations for children to explore. One Hen is part of CitizenKid: A collection of books that inform children about the world and inspire them to be better global citizens.
List Price: $ 18.95
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Awakening documents the social and economic empowerment of women in Afghanistan and India whose roles have traditionally been restricted by their cultures. Awakened to new possibilities through education and access to micro-loans these women are redefining their roles in society. In Bihar, India’s poorest state, Sister Mary Lobo organizes village women into groups where they learn to save small sums and invest their capital as a group. In Afghanistan, the nation’s first woman-led micro-finance institution believes the nation’s long-term success is dependent on women’s economic freedom.
List Price: $ 19.95
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A bold manifesto by two business leaders, A Billion Bootstraps shows why microcredit is the world’s most powerful poverty-fighting movement-and an unbeatable investment for your charitable donations.
A Billion Bootstraps unearths the roots of the microcredit revolution, revealing how the pioneering work of people such as Dr. Muhammad Yunus-winner of the 2006 Nobel Peace Prize-is giving hope to billions. Philanthropist and self-made millionaire Phil Smith and microcredit expert and consultant Eric Thurman provide a riveting narrative that explores how these small loans, arranged by “barefoot bankers,” enable impoverished people to start small businesses, support their families, and improve local economies. By paying back their loans instead of simply accepting handouts, men and women around the world are continually giving others the same opportunity to change their futures.
Smith and Thurman also examine why traditional charity programs, while providing short-term relief, often perpetuate the problems they are trying to alleviate, and how applying investment principles to philanthropy is the key to reversing poverty permanently.
A Billion Bootstraps explains how ordinary people can accelerate the microcredit movement by investing charitable donations in specific programs and then leveraging those contributions so the net cost to lift one person out of poverty is remarkably low. You’ll discover how to get more for your money by donating with the mind-set of an investor and calculating measurable returns-returns that will change lives and societies forever.
List Price: $ 24.95
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It began with a simple loan. After witnessing the cycle of poverty that kept many poor women enslaved to high-interest loan sharks in Bangladesh, Dr. Muhammad Yunus lent money to 42 women so they could purchase bamboo to make and sell stools. In a short time, the women were able to repay the loans while continuing to support themselves and their families. With that initial eye-opening success, the seeds of the Grameen Bank, and the concept of microcredit, were planted.
After earning a Ph.D. in economics at Vanderbilt University, Dr. Yunus returned to Bangladesh to settle into a life as a professor. But a famine in 1974 ravaged the country, leading Dr. Yunus to alter his thinking and his life profoundly: “What good were all my complex theories when people were dying of starvation on the sidewalks and porches across from my lecture hall?…. Nothing in the economic theories I taught reflected the life around me.” Armed with little more than a lofty dream to end the suffering around him, he started an experimental microcredit enterprise in 1977; by 1983 the Grameen Bank was officially formed.
The idea behind the Grameen Bank is ingeniously simple: extend credit to poor people and they will help themselves. This concept strikes at the root of poverty by specifically targeting the poorest of the poor, providing small loans (usually less than 0) to those unable to obtain credit from traditional banks. At Grameen, loans are administered to groups of five people, with only two receiving their money up front. As soon as these two make a few regular payments, loans are gradually extended to the rest of the group. In this way, the program builds a sense of community as well as individual self-reliance. Most of the Grameen Bank’s loans are to women, and since its inception, there has been an astonishing loan repayment rate of over 98 percent.
Banker to the Poor is an inspiring memoir of the birth of microcredit, written in a conversational tone that makes it both moving and enjoyable to read. The Grameen Bank is now a .5 billion banking enterprise in Bangladesh, while the microcredit model has spread to over 50 countries worldwide, from the U.S. to Papua New Guinea, Norway to Nepal. Ever optimistic, Yunus travels the globe spreading the belief that poverty can be eliminated: “…the poor, once economically empowered, are the most determined fighters in the battle to solve the population problem; end illiteracy; and live healthier, better lives. When policy makers finally realize that the poor are their partners, rather than bystanders or enemies, we will progress much faster that we do today.” Dr. Yunus’s efforts prove that hope is a global currency. –Shawn Carkonen
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