Mr. Schick's Definitions
Micro finance- a form of financial services for entrepreneurs and small businesses lacking access to banking and other services
Micro loans- a small loan given to individuals who might not have access to typical banking services, usually to start or expand small, self sufficient businesses.
Kiva- provider of micro loans.
- they have distributed almost $500,000,000 in loans with about 1,000,000 lenders.
- About 600,000 loans have been funded through Kiva
- Average loan is about $400
- Average Kiva loaner makes 10 loans
- It's repayment rate is 99% !!
At the end of class we played a little trivia game thing.
Qatar.
No comments:
Post a Comment