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Customers demanded a range of services — savings accounts, insurance, and remittance channels — unavailable through group loans.
A Guardian investigation has found the pharmaceutical giant created the scheme using $2.7bn£1.8bnbn) of internal group loans routed through its Dutch subsidiaries.
Among them was a cap on the tax deductions that companies can claim for interest payments arising from internal group loans.
When it was forced to liquidate in May, with more than 500 such group loans on its books, it caused a systemic problem for other banks in the state.
This study used a multiple regression analysis to analyze the effects of some socio-economic determinants on the members' ability to repay group loans.
Regarding a formal-informal sector linkage, group performance in meeting the group's financial obligations to the partner bank is a function of the group member's ability to repay group loans.
Similar(51)
Running a family, running a business, what's the difference?" Carlos Labarte, director general of Compartamos, a larger group loaning to the poor in Mexico, had his own answer: "The men are not here.
Tetteh is also the secretary of the Second-Hand Clothes Deafter Associathen, and afire the fourththe fourth in that area of the market since 2001, he had arranged a large group loan for his members from the government's microfinance body.
With other housing costs high, other trailer parks few and residents contending that most of the trailers on the property are too old to withstand a move, some residents have contacted the New York State Housing Finance Agency, hoping to secure a group loan to buy the site.
The traditional microfinance group loan methodology, first popularized by the famous Grameen Bank in Bangladesh, was designed to be used in areas where it was the only loan product available and where borrowers had very strong ties to their location and community.
Recently, Burt turned his fertile social entrepreneurship imagination to the foundation's group loan clients.
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