FinanceAdvisor

The Budget Enforcement Act of 1990 was enacted by the United States Congress as title XIII of the Omnibus Budget Reconciliation Act of 1990 to enforce the deficit reduction accomplished by that law and revise the budget control process of the Federal Government. The Act created two new budget control processes: continued…

Opportunity International is one of the pioneers of microfinance and the first microfinance network. Its mission is to provide opportunities for people in chronic poverty to transform their lives. The strategy is to create jobs, stimulate small businesses, and strengthen communities among the poor. It works through indigenous partner organizations that provide small business loans, training, and counsel. Committed to fulfilling Jesus Christ’s call to serve the poor, Opportunity dedicates itself to the core values of respect, commitment to the poor, integrity, and stewardship. continued…

Negros Women for Tomorrow Foundation Inc. (NWTF) is a non-governmental organization, microfinance institution based in Bacolod City, Negros Occidental, Philippines. The organization was founded in 1984 to help women achieve self-sufficiency and self-reliance, and since 1989 it has focused on microfinance following the example of Professor Muhammad Yunus. It currently has 66,000 clients with a loan portfolio totalling $5m. continued…

Muhammad Yunus (Bengali: মুহাম্মদ ইউনুস Muhammod Iunus) (born 1940), is a Bangladeshi banker, economist and the developer and founder of the concept of microcredit, i.e. the extension of small loans to entrepreneurs too poor to qualify for traditional bank loans. Yunus is also the founder of Grameen Bank. continued…

Microfinance is a term used to refer to the activity of provision of financial services to clients who are excluded from the traditional financial system on account of their lower economic status. These financial services will most commonly take the form of loans (see microcredit) and savings, though some microfinance institutions will offer other services such as insurance and payment services. continued…

he Microcredit Summit Campaign is the civil-society initiative that was born out of the first Microcredit Summit. In February 1997, RESULTS Educational Fund, a 501(c)(3) tax-deductible organization dedicated to mass educational strategies to generate the will to end world hunger and poverty, convened the first Microcredit Summit. More than 2,900 delegates from 137 countries attended the Summit, held in Washington, DC, and they launched a nine-year campaign to reach 100 million of the world’s poorest families, especially the women of those families, with credit for self-employment and other financial and business services by the end of 2005. Essentially this means that the Campaign is working to have 100 million very poor people access microcredit. continued…

Kiva is a 501c3 non-profit organization with a mission to connect people through loans for the sake of alleviating global poverty. Leveraging the internet and a worldwide network of microfinance institutions(MFIs), Kiva lets individuals lend as little as $25 to help fund small businesses run by low-income entrepreneurs around the world. continued…

Grameen Foundation, founded as Grameen Foundation USA, is a global 501(c)3 non-profit organization based in Washington DC that works to replicate the Grameen Bank microfinance model around the world through a global network of partner microfinance institutions.
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The Grameen Bank (Bangla: গ্রামীণ ব্যাংক) is a microfinance organization started in Bangladesh that makes small loans (known as microcredit) to the impoverished without requiring collateral. The system is based on the idea that the poor have skills that are under-utilized. The bank also accepts deposits, provides other services, and runs several development-oriented businesses including fabric, telephone and energy companies. continued…

BRAC (Bengali: ব্র্যাক), Building Resources Across Communities (formerly known as the Bangladesh Rural Advancement Committee), is one of the world’s largest non-governmental organizations based in Bangladesh. {{PBS: Rx for Survival [1]}}. Established by Fazle Hasan Abed in 1972, BRAC today is present in all 64 districts of Bangladesh, over 65,000 villages and has 4.8 million group members of which 4.3 million are borrowers. In recent years BRAC has extended its development activities to Afghanistan, Sri Lanka and Africa. The organisation is 76% self-funded through its commercial enterprises that include a micro-bank, dairy and food project and a chain of retail handicraft stores called ‘Aarong.’ continued…