Micro Finance Information

The Microcredit Summit Campaign and  the Pakistan Poverty Alleviation Fund will co-organize the Asia/Pacific Region Microcredit Summit Meeting of Councils (APRMS) to be held in Islamabad, Pakistan from March 4-6, 2008. Submission of a 2007 Action Plan will be a prequisite for registering as a delegate.

We are writing to ask for your help in selecting the plenary, workshop, and day-long course titles to be offered. Please provide us with feedback by completing this online survey by Friday, May 18th. Responses received after this date will not be considered.  Please do NOT send panelist recommendations at this time; we will solicit panelist nominations after having chosen the sessions.

Buying a new home is an exciting experience. But without the right knowledge and guidance, it can be a little risky. The privatization of Banks has proved beneficial for the common people especially the middle class or upper middle class. Real estate rates are getting higher day by day so cash purchase of the property whether big or small is becoming impossible so the purchaser needs a financer who can provide the loan according to their requirement. The interest rates have fallen down and there is easy access to the home loan. If we analyze the trend in interest rates for the past 2-3 years it has gown down excluding year 2004 which has a reverse trend. Interest rates stabilized and showed an upward trend. Housing finance companies increased rates by about 50 basis points; rack rates for floating rate loans ranged from 7.50% to 8.00%, while those on fixed rate loans were quoted at 8.00%-8.50%. Existing floating rate loan holders had to choose between higher EMIs or longer tenures.

The trend also depicts that the loan seekers are preferring the floating loan plan over the fixed one. Some real estate financers provide fixed loan schemes but some introduced the hybrid scheme. In hybrid loan scheme there is fixed loan for specific period and change thereafter. The upward trend in the home loan have forced the loan seekers to evaluate all the schemes offered to them and choose the one that suits the best to them. The consumer should opt for the scheme according to its risk handling capacity. If one can handle risks and want to go some extra mile then for him the floating scheme is the best choice. Otherwise the fixed loan scheme is the best option for the consumer.

All top ranking banks provide the fixed/floating loan scheme. Flexible loan installment scheme is provided by almost every bank. This scheme helps in case the parent and children purchase the property together. The parent is going to get retire soon and children have just started the earning. This option helps such customers combine the incomes and take a long term home loan where in the installment reduces upon retirement of the earning parent. There are other options like the payment of loan in accelerated format. This can be done by increasing the EMI which saves the interest also. So the consumer has various options according to their needs. One needs to research the market and find the right financer for their dream home purchase. For any further information: europe real estate

Ocala SW Realty - Jim Anzalone - Real estate agent for the Ocala-Marion County Florida area. Ocala SW Realty offers real estate news, buyer/seller tips, as well a Florida MLS listing service, so you can search all the homes available for sale in the Marion County area. Email me for any help.

In recent days Micro Credit concept becomes very much popular. But this concept intended in mid-1800s but then this concept was not become popular which it is now. The concept of micro credit can be traced back to portions of the Marshall Plan at the end of WWII in the middle of the 20th century.

Or even back to the mid-1800s and the writings of abolitionist/legal theorist Lysander Spooner who wrote about the benefits of many small loans for entrepreneurial activities to the poor as a way to alleviate poverty.

However, this concept became popular among the mass from 1970s and onward.

Dr. Akhter Hameed Khan introduced the revolutionary idea of microcredit (microfinance), thereby opening a new door for billions of destitute and underprivileged. As head of the Pakistan Academy for Rural Development (now Bangladesh Academy for Rural Development, BARD) in Comilla, Bangladesh, Dr. Khan pioneered microcredit through the Comilla Cooperative Pilot Project in 1960. Source:

• "The Works of Akhter Hameed Khan" Vol: I-III
• "Rural Development in Action" by Arthur F Raper

After that some other’s also use this concept. Those are:-

• In 1971, Al Whittaker resigned as president of Bristol Myers and established Opportunity International’s first US office in Washington DC.
• In 1973 Accion International started to switch their focus toward providing economic opportunity to poor people.
• In 1974 Muhammad Yunus, a U.S.-educated professor of economics started a similar experiment. In 1976, Yunus founded the Grameen Bank to make loans to poor Bangladeshis.
• In the 1980s FINCA International continued the successful trend of microcredit in Bolivia.
• The SEEP Network is an organization of more than 50 international non-governmental organizations that support micro and small business and microfinance institutions in the developing world.

The Economic and Social Council of the United Nations declared the year 2005 as the International Year of Microcredit.

Today the World Bank estimates that there are now more than 7,000 microfinance institutions, serving some 16 million poor people in developing countries. According to Le Monde newspaper, World Bank experts estimated that 500 million people benefited from these small loans (about 80 euros), on a total of three billion poor people.

Via Wikipedia.  

First of all what is Micro Credit?

In the Micro Credit has two words, one is micro and another is credit. Micro stands for mini or small and credit means loan. The key implications of microcredit are in its name itself: ‘micro’. Micro credit is the extension of small loans to the unemployed, entrepreneurs and others who are too poor to qualify for traditional bank loans. These people don’t have any assets that secure a debt obligation also they don’t have any steady income source and therefore cannot meet even the most minimum qualifications to gain access to traditional credit. The above mentioned definition also varies from country to country but some basic features remain same at all time. The basic features are:-

• Size – The size or amount of the credit is very small.
• Target users – Micro entrepreneurs and low-income households,
• Utilization - The use of funds for income generation, enterprise self-employment and housing for the poor also for community use (health/education) etc.
• Terms and conditions - most terms and conditions for micro credit loans are flexible and easy to understand, and suited to the local conditions of the community.

Micro Credit is a one of the great financial innovation which originated in developing countries. Where it helps people (mostly women) to be a self employed that allows them to generate an income and, in many cases, begin to build wealth and exit poverty. Today this Micro Credit Project becomes very popular in finance industry and many large finance organizations are adopt this concept as a source of future growth.

I will come soon with some more information….

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