Download or read book From Micro finance to the Building of Local Institutions The Evolution of Micro credit Programme of the OPP s Orangi Charitable Trust Karachi Pakistan written by Arif Hasan and published by OUP Pakistan. This book was released on 2012-09-27 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Researchers, scholars, students of sociology, political economy, human geography, social work, regional planning and national and international development agencies and NGOs, micro-credit banks and related institutions and others who wish to understand the dynamics of change in Pakistan and to operate programmes of a similar nature.

Download or read book The Microcredit Programme of OPP Orangi Charitable Trust written by Aquila Ismail and published by . This book was released on 2005 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: Registered in 1987, the Orangi Pilot Project-Orangi Charitable Trust (OPP-OCT) supports the people's economic efforts through the provision of small loans. This book outlines the evolution of this pioneering programme, the principles governing it and its achievements.

Download or read book Beyond Micro credit written by Thomas Fisher and published by Oxfam. This book was released on 2002 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beyond Micro-Credit sets out how Indian Micro-Finance Initiatives are combining micro-finance with a wide range of development goals, these include not only poverty alleviation through providing savings, credit and insurance services but also promoting livelihoods, empowering women, building people's organizations and changing institutions.

Download or read book Empowering Squatter Citizen written by Diana Mitlin and published by Earthscan. This book was released on 2013-06-17 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the rapid growth in urban poverty in Africa, Asia and Latin America, most cities now have 30 to 60 per cent of their population living in shanty towns. The civil and political rights of these people are either ignored or constantly contravened. They face multiple deprivations, including hunger, long hours working for inadequate incomes; illness, injury and premature deaths that arise from dangerous living conditions and inadequate water supplies, sanitation and healthcare. Many face the constant threat of eviction and other forms of violence. None of these problems can be addressed without local changes, and Empowering Squatter Citizen contends that urban poverty is underpinned by the failure of national governments and aid agencies to support local processes. It makes the case for redirecting support to local organizations, whether governmental, non-governmental or grassroots. . The book includes case studies of innovative government organizations (in Thailand, Mexico, Philippines and Nicaragua) and community-driven processes (in India, South Africa, Pakistan and Brazil), which illustrate more effective approaches to urban poverty reduction.Such approaches include strengthening the organizations of the poor and homeless so that they are accountable to their members, are able to develop their own solutions and have more capacity to negotiate with the institutions that are meant to deliver infrastructure, services, credit and land for housing. Such support for local processes is crucial for meeting the Millennium Development Goals in urban areas.

Download or read book The Theory and Practice of Microcredit written by Wahiduddin Mahmud and published by Routledge. This book was released on 2016-10-04 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: The remarkable speed at which microcredit has expanded around the world in the last three decades has piqued the curiosity of practitioners and theorists alike. By developing innovative ways of making credit available to the poor, the idea of microcredit has challenged many traditional assumptions about both poverty reduction strategies and financial markets. While this has encouraged new theorising about how microcredit works, the practice of microcredit has itself evolved, often in unpredictable ways, outpacing the development of theory. The Theory and Practice of Microcredit aims to remedy this imbalance, arguing that a proper understanding of the evolution of practice is essential both for developing theories that are relevant for the real world and for adopting policies that can better realize the full potential of microcredit. By drawing upon their first-hand knowledge of the nature of this evolution in Bangladesh, the birthplace of microcredit, the authors have pushed the frontiers of current knowledge through a rich blend of theoretical and empirical analysis. The book breaks new grounds on a wide range of topics including: the habit-forming nature of credit repayment; the institutional strength and community-based role of microfinance institutions; the relationships between microcredit and informal credit markets; the pattern of long-term participation in microcredit programmes and the variety of loan use; the scaling up of microenterprises beyond subsistence; the "missing middle" in the credit market; and the prospects of linking micro-entrepreneurship with economic development. The book will be of interest to researchers, development practitioners and university students of Development Economics, Rural Development, or Rural Finance, as well as to public intellectuals.

Download or read book Microcredit and International Development written by Farhad Hossain and published by Routledge. This book was released on 2011-11-02 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book draws together a set of topical writings on the subject of microcredit that will be of relevance to the work of both researchers and practitioners in the field. In drawing on the experiences of authors from countries and regions throughout the globe, including Cambodia, Barbados and the Caribbean, Mexico, Pakistan, India and Africa, the book examines the subject of microcredit from various perspectives. The book explores the contribution of microcredit to various sectors within the developed and developing worlds and seeks to analyze critically the contributory success and failure factors of microcredit in varying international contexts. By means of evaluating the opportunities and challenges of microcredit, the book provides key lessons about microcredit for international development purposes. More specifically, the authors of the chapters offer a series of insights into microcredit activities as they relate to the real world. For example, in his chapter, David Hulme traces the developing nature of the activities of the highly influential Grameen Bank, that is, from activities focused on subsidised microcredit to more market-based microfinance activities. In their chapter, Johanna Hietalahti and Anja Nygren examine microcredit as a socio-political institution in South Africa and, in doing so, unearth the complex interactions between of rules, logic and power-relations which are relevant to microcredit activities. In another chapter, Asad Ghalib uses the context of Rural Punjab in Pakistan in order to assess the extent to which microcredit-related activities actually reach the poor. Taken together, the chapters in the book provide readers with an opportunity to consider a host of factors connected to microcredit from a genuinely international perspective.

Download or read book Microfinance and Poverty Reduction written by Susan Johnson and published by Oxfam. This book was released on 1997 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book emphasizes the importance of studying the local context, and then considering the macroeconomic factors which may be operating upon the economy of a particular country. Five extended case studies, in the Gambia, Ecuador, Mexico, Pakistan, and the UK are examined with reference to further aspects of sustainability and impact assessment.

Download or read book Productivity and Efficiency Challenges of Microcredit Program in Bangladesh written by Md. Mahmudul Alam and published by Centre for Research and Publication at International Islamic University Chittagong (IIUC). This book was released on 2013-01-01 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is no denying the fact that microcredit (MC) has been playing an important role in the movement for poverty alleviation. But by the same breath it is also a hard fact that it has serious limitations in terms of its delivery system, rules of repayment, interest rate charges, etc. These limitations made it largely fail to realize its potential and expected goals. A credible study on the productivity of MC was required to determine its actual interest/profit paying capability. In the absence of any established economic justification, based on productivity, this exorbitantly high interest rate is found morally untenable and has become the primary target of criticism for its minimal or marginal achievements. As a result, recently the government rightfully fixed 27% as the maximum interest rate chargeable for microcredit (with effect from July 2011). However, we need not undermine the importance and efforts of the microcredit movement, both as an economic as well as a social institution, for the betterment of the poor in the society. We need not be selfish and miser to give the movement its due credit. MC should not be summarily viewed as unuseful and unsuccessful. It has been making some contributions to the betterment of the poor and it should be given the appreciation it deserves. But like many other researchers we are troubled by the contradicting attitudes of the microcredit providers toward the borrowers. In one hand they are concerned and committed to pull the poor out of poverty, on the other hand they are so harsh in the timely payment of repayment installments putting a blind eye to the sufferings of these poor borrowers. Therefore, MCIs need to be more innovative to be able to serve and take care of the wellbeing of the critical group among the borrowers. We are also puzzled to see that in spite of the exorbitantly high interest rate charges and all other limitations, increasing number of these poor are borrowing credit from these MCIs. This surgical study on the inside view of microcredit in Bangladesh, using a rich data set developed through a survey of 555 sample borrowers from rural, semi-urban, and urban areas of all 7 administrative divisions of Bangladesh, is an effort to address these issues and find answers to these and other questions like its potentiality to become a growth tool in the third sector economy. To our own best assessment this study made three major contributions to microcredit literature: a) application of economic-profit counting method in economic productivity analysis, b) identification of the critically vulnerable group among the borrowers; and c) the revelation that microcredit is respected by the borrowers more as a social than economic institution. To them, microcredit has facilitated their social and political empowerments and safeguarded their social status. An additional feature of this monograph is that it includes a chapter reflecting on the status of Islamic microcredit in the country. We are thankful to the sample micro borrowers for their sincere cooperation and responses in the operation of this research. We are equally thankful to the field investigators for their honest and untiring search for information. We are thankful to Professor Dr. Abu Bakr Rafique Ahmed, Pro Vice-Chancellor of International Islamic University Chittagong, Bangladesh for his most valuable suggestion to include in the book a separate chapter on Islamic microfinance. This chapter has certainly enhanced the focus of the monograph. Lastly we are grateful to Professor Dr. Anisuzzaman Chowdhury of University of Western Sydney, Australia, and Senior Economic Affairs Officer, Department of Economic and Social Affairs, United Nations, New York, for writing a thoughtful foreword to this work.

Download or read book Microenterprise laying the Foundation for Economic Development written by and published by DIANE Publishing. This book was released on 2004 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Microcredit Alternative in South Asia written by Shahrukh Rafi Khan and published by Routledge. This book was released on 2018-03-28 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microcredit took the development world by storm as a tool for poverty alleviation in the 1980s. After being hailed as a panacea, a few decades on it started being forcefully criticised based on its practice. This book explores Akhuwat (literally brotherhood), a rapidly growing Pakistani NGO formed in 2001, which addresses the shortcomings of conventional microfinance. Its vision is of a society built on empathy and social solidarity and its mission is that of creating self-sufficiency among the entrepreneurial poor. This book examines whether Akhuwat fulfils its promises of not pushing loans or encouraging clients to get on a debt treadmill and helping them to avoid high debt burdens by charging no interest and easing repayment terms. Conventional microcredit organizations are criticised for losing sight of the original mission of poverty alleviation by engaging in empire building and Akhuwat’s goal is to avoid this by embracing an alternative strategy of scaling up. Finally, this book also analyses Akhuwat’s approach as being gender sensitive and embracing all religions, castes and ethnicities. Based on fieldwork designed to assess if Akhuwat is the microcredit alternative it claims to be, this book will be of interest to scholars of poverty and development studies in general and microcredit in particular.

Download or read book Micro finance in Rural Communities in Southern Africa written by Human Sciences Research Council and published by HSRC Publishers. This book was released on 2002 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Integrated Rural Development Program (IRDP) is a core initiative in the W.K. Kellogg Foundation Africa portfolio of programmes, which aims to reduce poverty and improve the quality of life of rural communities. A component of this programme is to help capitalise locally based enterprise development initiatives by stimulating the provision of and access to micro-finance in rural areas. Three sites have been selected to pilot the introduction of this and other IRDP activities. These are: Chimanimani (Zimbabwe), Chimoio (Mozambique) and Nyandeni (South Africa). As part of this initiative , the Human Sciences Research Council (HSRC) based in Pretoria has conducted an evaluation in three key sites of the IRDP to evaluate the implications of implementing a mico-finance scheme in these areas.

Download or read book Microfinance and China s Regional Development written by Wen Xiao and published by Springer Nature. This book was released on 2023-12-13 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the innovative development of microfinance in China and takes Luqiao District, Taizhou as the example to sum up Chinese experiences in the local innovative development of microfinance and the application of that experience nationwide. Based on theoretical research regarding microfinance, this book analyzes the history and current situation of the development of microfinance in Luqiao District, and places emphasis on proceeding from three-pronged positioning, five characteristics and three major modes of microfinance’s innovative development in Luqiao District to explore and summarize the Luqiao story of microfinance. Subsequently, this book takes five perspectives—the innovative development of small and medium-sized banks, the innovative development of non-banking financial institutions, the roles of private capital, the policies of the local government and cooperation between the Chinese Mainland and Taiwan—to analyze the experience and paths for helping the development of small and micro enterprises. Finally, based on the conclusions of the research, this book presents some inspirations from the innovative development of microfinance in Luqiao District and future prospects. This book will interest economists, scholars of China’s economic model, and banking sector analysts.

Download or read book The Micro politics of Microcredit written by Mohammad Jasim Uddin and published by Routledge. This book was released on 2015-05-01 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microcredit has been seen in recent decades as having great potential for aiding development in poor developing countries, with Bangladesh being one of the countries which has pioneered microcredit and implemented it most widely. This book, based on extensive original research, explores how microcredit works in practice, and assesses its effectiveness. It discusses how microcredit, usually channelled through women, is often passed to the men of the family, a practice disapproved of by some, but regarded as acceptable by borrowers who have a communal approach to debt, rather than viewing debt as something held by single individuals. The book demonstrates how the rules around microcredit are often seem as irksome by the borrowers, how lenders often charge high rates of interest and work primarily to preserve their institutions, thereby going against the spirit of the microcredit movement, and how borrowers often end up on a downward spiral, deeper and deeper in debt. Overall, the book argues that although microcredit does much good, it also has many drawbacks.

Download or read book Streets as Tools for Urban Transformation in Slums written by and published by . This book was released on 2012 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Conversations and Empirical Evidence in Microfinance written by Phillip Phan and published by World Scientific. This book was released on 2014-07-10 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microfinance is regarded as a lynchpin in private sector solutions to a host of complex social challenges, from child labor, education, and women's rights, through to sustainable local economic development. The principle of self-help through capital accumulation in the US inner city looks similar to that of a Peruvian slum, and as practice has grown, so has the research. Conversations and Empirical Evidence in Microfinance is a curated conversation from a comprehensive review of the published literature, and is supported by theory and evidence from a wide range of disciplines such as philosophy, finance, public policy, and entrepreneurship. Contents:The Extant Theoretical and Empirical Literature in Microfinance (Phillip H Phan)Microfinance as Cooperation between Private Property and Collective Action to Reconnect Consumption and Societal Development (Bernard Paranque)Endogenous Fragility in Microfinance: Evidence from India (Céline Gimet and Thomas Lagoarde-Segot)The Microfinance Investment Horizon: Navigating between Social Mission and Profit Making (Hilda Eitzen) Readership: Graduate students and researchers in the field of microfinance. Key Features:Provides a comprehensive literature review of the field and serves as an excellent reference for researchers in the fieldDemonstrates an econometric approach to investigating the phenomenon at a national levelProvides a method for policymakers to properly understand the pros and cons of the phenomenonFirst book to provide a philosophical explanation for the existence of and way to view the microfinance phenomenon as an institutional form, rather than a natural product of human endeavorKeywords:Microfinance;Microfinancial Institutions;Social Capital;Economic Development;Bottom-of-the-Pyramid;Entrepreneurship;Oversupply;Globalization;Minsky Hypothesis;Financial Bubbles

Download or read book Microfinance for Entrepreneurial Development written by Douglas Cumming and published by Springer. This book was released on 2017-09-28 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited collection presents recent developments, practical innovations, and policy reforms in the realm of microfinance in emerging markets. Microfinance has been hotly debated by ever-colliding camps of ardent supporters, who believe that microfinance addresses credit market failures and provides a durable answer to the problem of the poverty, and staunch critics, who argue that lending by microfinance institutions is wasteful, and the interest rates are too high. To bring further insight into this important debate, this book presents comprehensive historical, political, and economic perspectives on the latest issues in microfinance. An impressive array of scholars and practitioners build a framework for thinking about regulation to drive sustainable, inclusive development. With case studies of programs in India, Ghana, and Bangladesh, and examinations of the effects of gender and religion on financial decision-making, this comprehensive collection offers something valuable to scholars, policymakers, and practitioners—anyone with a vested interest in promoting innovation in microfinance.

Download or read book New Partnerships for Innovation in Microfinance written by Ingrid Matthäus-Maier and published by Springer Science & Business Media. This book was released on 2008-04-01 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microfinance has experienced dynamic development. Today, microfinance providers reach close to 100 million clients worldwide and are growing fast. New partnerships expand the impact of microfinance even further. Three types of partnerships are examined in this book, each consisting of a thematic pillar. Pillar I focuses on equity investments in microfinance, especially the possibilities for engaging private investors through structured microfinance investment funds. Rating agencies are involved in providing more transparency in this emerging fund industry. Pillar II focuses on collaboration among microfinance providers, governments, private investors and technology companies which help microfinance institutions to integrate new technologies into their business models, reducing cost and increasing outreach to clients. Pillar III covers micropensions, microinsurance and the role of securitisation for the future of microfinance.