Sentence examples for microcredit loan from inspiring English sources
Mr. Francis began a microcredit loan program for men in 1980, but that effort soon went off the rails.
Nearly everyone present had taken out a microcredit loan in the past, Lokko told me, but they always tried other avenues first, starting with friends or family.
Susu doesn't increase the amount of capital available to merchants and poor people, but it does offer them a convenient vehicle for saving — one that can complement a microcredit loan, or, if the money accumulates long enough, entirely remove the need for one.
True syndication of microcredit loan portfolios may not be far away, though governments in many poor countries will have to strengthen ownership rights and reduce barriers to foreign investment before it becomes commonplace.Crucially, the cost of microfinance will have to come down.
Correction: May 1, 2004, Saturday Because of an editing error, an article on Thursday about the debate over whether microcredit loan programs should focus more on people at the upper fringes of poverty or on the poorest misidentified an organization that lobbied Congress to make sure the loans benefit the world's poorest.
Approximately a hundred and six million people worldwide have a microcredit loan outstanding, owing an average of about nine hundred dollars, according to the Microfinance Information Exchange, a nonprofit, usually referred to as MIX, that is funded by development organizations and private philanthropies.
But "cash injections", either through microcredit loans or workers' remittances, have hitherto played a huge role.
Today more than eight million people in more than 58 countries get microcredit loans.
Internationally, we now know that microcredit loans are often used to cover personal emergencies, not to start businesses.
"It's more fun to raise money to make microcredit loans to women in Peru," she said.
This ignores the fact that most microcredit loans are tiny, so that several are needed to meet the needs of even a small business.
