microcredit in A Sentence

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    International Year of Microcredit.

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    The Microcredit Summit Campaign.

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    Instead, the deployment of Microcredit precipitated a major disaster.

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    How Microcredit has hurt the poor and destroyed informal business.

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    NGO specializing in Microcredit: Students worked in the communication, fundraising, and research department.

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    Microcredit has shown how you can reach out to people that conventional banking cannot.

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    He is a founding board member of Grameen America and Grameen Foundation, which support Microcredit.

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    An example of a Microcredit institution is the Grameen Bank in Bangladesh, founded in 1976 by Mohammed Yunus.

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    The Microcredit movement thus helped plunge large numbers of black South African's into deeper over-indebtedness, poverty and insecurity.

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    Not surprisingly, many in South Africa say that Microcredit brought about the country's own sub-prime-style financial crisis.

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    It became a business correspondent for RBL Bank in 2014 and transferred its Microcredit portfolio to the bank.

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    Microcredit is growing especially in developing countries, where it allows to fulfill micro-projects, promoting the activity and creation of wealth.

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    NGOs The Microcredit Summit Campaign counted 3,316 of these MFIs and NGOs lending to about 133 million clients by the end of 2006.

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    The core idea of Microcredit is that a small loan will provide access to the larger economy to people who typically live outside the scope of the institutions on which the mainstream economy rests.

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    Muhammad Yunus(born 28 June 1940) is a Bangladeshi social entrepreneur, banker, economist and civil society leader who was awarded the Nobel Peace Prize for founding the Grameen Bank and pioneering the concepts of Microcredit and microfinance.

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    These institutions not only offer Microcredit but they also provide other financial services like savings, insurance, remittance and non-financial services like individual counselling, training and support to start own business and the most important in a convenient way.

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    17

    The revised microfinance code mandates that only three Microcredit entities can lend loans to a single client and cap the size of total lending to Rs 1 lakh per microfinance customer(a person who has an annual household income of Rs 1 lakh in rural India and Rs 1.6 lakh in urban India).

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