2 edition of Group-based savings and credit for the rural poor found in the catalog.
|Statement||Panel on Peoples Participation of the ACC Task Force on Rural Development, International Labour Office|
|Publishers||Panel on Peoples Participation of the ACC Task Force on Rural Development, International Labour Office|
|The Physical Object|
|Pagination||xvi, 105 p. :|
|Number of Pages||71|
|2||A WEP study|
nodata File Size: 9MB.
Our rural finance policy aims to build sustainable rural finance institutions that reach the rural poor, promote sound rural financial infrastructure, create an enabling policy and regulatory environment, and foster stakeholder participation. The IFAD-funded Dir Area Support Project used a new system — Islamic Banking or Islamic Finance — to make microcredit available to borrowers in a way that is compatible with Islamic regulations.
While financial institutions and digital financial service providers continue to increase the reach of formal financial services, offering such services to the rural poor is costly and a great number of them remain unbanked. More than 90 per cent do not have access to financial services. Publisher : Cambridge University Press• The Forbes magazine rankings and the Deutsche Bank report underscore the fact that microfinance has moved beyond the fringes of financial services.
5 million poor families had gained access to credit and other financial services through 150,000 self-help groups. We continuously seek the most effective models, delivery mechanisms and innovative approaches to providing rural financial services. Across the three countries, 15,221 households participated in the study. Traditional, non-formal saving systems — such as tucking cash under the mattress, buying animals, joining village savings circles, or giving money to neighbours for safekeeping — often have hidden costs and risks.
In Malawi and Uganda, program replication was successful with 14 percent and 30 percent of households, respectively, joining VSLAs in non-targeted communities in within the program clusters. She took part in a two-week vocational training in embroidery arranged by the project.
It was based on the principles of mutual trust and responsibility, with each woman responsible for making sure the group's loan was repaid.
We continuously seek the most effective models, delivery mechanisms and innovative approaches to providing rural financial services.
With her profits, she now plans to buy a house and find a bride for one of her sons.