- published: 28 Sep 2010
- views: 137769
Microfinance is a source of financial services for entrepreneurs and small businesses lacking access to banking and related services. The two main mechanisms for the delivery of financial services to such clients are: (1) relationship-based banking for individual entrepreneurs and small businesses; and (2) group-based models, where several entrepreneurs come together to apply for loans and other services as a group. In some regions, for example Southern Africa, microfinance is used to describe the supply of financial services to low-income employees, which is closer to the retail finance model prevalent in mainstream banking.
For some, microfinance is a movement whose object is "a world in which as many poor and near-poor households as possible have permanent access to an appropriate range of high quality financial services, including not just credit but also savings, insurance, and fund transfers." Many of those who promote microfinance generally believe that such access will help poor people out of poverty, including participants in the Microcredit Summit Campaign. For others, microfinance is a way to promote economic development, employment and growth through the support of micro-entrepreneurs and small businesses.
A short introduction to microfinance
http://www.tedxvienna.at/ http://www.facebook.com/tedxvienna Prof. Muhammad Yunus is a Bangladeshi economist and founder of the Grameen Bank, an institution that provides microcredit to help its clients establish creditworthiness and financial self-sufficiency. In 2006 Yunus and Grameen received the Nobel Peace Prize. Yunus himself has received several other national and international honors. He is a member of advisory board at Shahjalal University of Science and Technology. Previously, he was a professor of economics at Chittagong University where he developed the concepts of microcredit and microfinance. He is the author of Banker to the Poor and two books on Social Business Models, and a founding board member of Grameen America and Grameen Foundation. About TEDx In the spirit...
Microfinance is most often equated with microcredit, but it's more than that. In this video clip from the PovertyCure DVD Series, microfinance experts Ebow Graham, Muhammad Yunus, and Damian von Stauffenburg flesh out the bigger picture. To watch more clips from the PovertyCure DVD Series, visit http://store.povertycure.org/pc-media/povertycure-dvd-series.html Follow us: http://povertycure.org http://facebook.com/povertycure http://twitter.com/povertycure http://instagram.com/povertycure
Ethan Wagner founded 50/50 with the goal of finding a better, fairer, and more effective way of using microfinance to help people improve their lives. In December 2012, he will complete his graduate degree at Columbia University's School of International and Public Affairs, where he serves as co-president of the Microfinance Working Group. Previously, he studied business at University of Virginia and attended the American University of Beirut, and has also worked as managing director of a media and communications company in Africa. This talk was given at TEDxColumbiaCollege in November of 2012 at Columbia University in New York City. In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a ...
A film for the BBC's flagship daily current affairs programme, examining the claim that microfinance is the solution to global poverty. Filmed in the Indian state of Andhra Pradesh, where microfinance has gone into meltdown. (The radio version of this piece one the 2011 Best Radio Documentary at the One World Media Awards)
http://indiamicrofinance.com New research is debunking myths about microfinance and showing how organizations can effectively address problems associated with poverty. Yale faculty Dean Karlan, Tony Sheldon, and Rodrigo Canales discuss the problems and the promise in the field of microfinance and the lessons for other kinds of social enterprise.
In conversation with NDTV's Namrata Brar, Raghuram Rajan, a professor at University of Chicago and a former Chief Economist at the IMF, says the microfinance sector in India must be saved. "Regulation is fine but profitability of the sector cannot be destroyed," he adds. Rajan also talks about the recently released RBI's paper on foreign banks.
Hugh Sinclair speaks about his personal experiences during 10 years in the microfinance industry, in which he discovers that the feel-good stories of poor women who lift their families out of poverty with the aid of a $500 loan are only occasionally true. Hear how the reality doesn't quite match the press releases
Governments from Brazil to Bosnia have launched massive microfinance programs, and commercial banks like ABN AMRO, HSBC and Citicorp are rushing down-market, which could increase access to credit for the poor. Some 500 million poor worldwide have reportedly benefited from $6 billion in micro-loans, which supporters want to ramp up to $300 billion. But its critics say there is no solid evidence that microfinance makes a difference, either in developing the economy or reducing poverty.
SUBSCRIBE for more speakers ► http://is.gd/OxfordUnion Oxford Union on Facebook: https://www.facebook.com/theoxfordunion Oxford Union on Twitter: @OxfordUnion Website: http://www.oxford-union.org/ Muhammad Yunus 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. These loans are given to entrepreneurs too poor to qualify for traditional bank loans. ABOUT THE OXFORD UNION SOCIETY: The Union is the world's most prestigious debating society, with an unparalleled reputation for bringing international guests and speakers to Oxford. It has been established for 189 years, aiming to promote debate and discussion not just in Oxford Universit...