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Micro Finance A Report by Raymund Sanchez
Agenda ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Definitions ,[object Object],[object Object],[object Object],[object Object]
Definitions ,[object Object],[object Object]
History of Micro Finance
History ,[object Object],[object Object],[object Object],[object Object]
History ,[object Object],[object Object],[object Object]
History ,[object Object],[object Object],[object Object],[object Object]
Purpose / Goals
Purpose ,[object Object],[object Object],[object Object],[object Object],[object Object]
Characteristics
Characteristics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Who extends Micro lending? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
How to Apply Micro Loans
How to Apply Micro Loans ,[object Object],[object Object],[object Object],[object Object],[object Object]
Sample Micro Loan Requirements ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Credit Investigation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Credit Investigation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Credit Investigation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Community based business funded by local banks in Cambodia
Credit Investigation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Regulations ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Criticisms
Criticisms ,[object Object],[object Object],[object Object],[object Object],[object Object]
Trends
Trends ,[object Object],[object Object]
References ,[object Object],[object Object],[object Object],[object Object]
-END-

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micro finance

Notas del editor

  1. Muhammad Yunus was awarded the Nobel Peace Prize in 2006 for pioneering micro finance as a way of poverty alleviation in the country. First case where economists/politicians worldwide paid attention to micro lending.
  2. • lending institutions were also placed under CBP even though they did not obtain funds from the general public (funds come from them) • while non bank inst are goverened by financial company act, investment company act, or pawnshop regulation act, lending companies are left in limbo • violations include high lending rates, no OR issued, charges not wholly disclosed to borrowers, multibillion scams, etc
  3. Organizational requirements: single proprietorships or partnerships shall within 1 year from effectivity of the act, organize themselves into a stock corporation Citizenship requirements: majority of the voting stock owned by Filipinos amount & charges on loans: follow truth in lending act Maintenance of books & records: Reportorial requirements: Gen Info Sheet, Audited FS, special forms for FS in eFormat, interim semi annual FS Capital requirements: minimum paid up capital of P1M
  4. research on the actual effectiveness of microfinance as a tool for economic development remains slim, in part owing to the difficulty in monitoring and measuring this impact a large proportion of the money they spend is not effective, either because it gets hung up in unsuccessful and often complicated funding mechanisms (for example, a government apex facility), or it goes to partners that are not held accountable for performance. In some cases, poorly conceived programs have retarded the development of inclusive financial systems by distorting markets and displacing domestic commercial initiatives with cheap or free money microlenders for not taking more responsibility for the working conditions of poor households, particularly when borrowers become quasi-wage labourers, selling crafts or agricultural produce through an organization controlled by the MFI
  5. Due to the success of microcredit, many in the traditional banking industry have begun to realize that these microcredit borrowers should more correctly be categorized as pre-bankabl e