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Wilberforce Kisamba Mugerwa, also Wilberforce Kisamba-Mugerwa, (5 July 1945 – 7 January 2021) was a Ugandan agricultural economist, politician and academic, who served as the chairman of the Uganda Microfinance Support Center, a government-owned company established in 2001, that manages micro credit programs in Uganda, funded by the African Development Bank, Islamic Development Bank and the ...
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In their non-fiction book Half the Sky, Nicholas D. Kristof and Sheryl WuDunn highlight Kiva's work along with that of some field partner organizations, such as the Kashf Foundation in Pakistan. Kristof and WuDunn noted the risky nature of microloans as a path out of poverty, but endorsed Kiva and similar microfinance efforts, writing that ...
Indeed, the local microfinance organizations that receive zero-interest loan capital from the online microlending platform Kiva charge average interest and fee rates of 35.21%. [44] Rather, the principal reason for the high cost of microcredit loans is the high transaction cost of traditional microfinance operations relative to loan size. [45]
The World Council of Credit Unions (WOCCU) is an international trade association and development agency for credit unions headquartered in Madison, Wisconsin.WOCCU aims to improve lives through credit unions and other financial cooperatives through advocacy, development and education. [3]
It was established as a vehicle through which the Afghan government and international donors could channel technical assistance and funding to build Afghanistan's microfinance sector. In March 2006, MISFA registered as a limited liability , non-profit company whose sole shareholder is the Ministry of Finance of the Islamic Republic of Afghanistan .
In Afghanistan, the First MicroFinance Bank (FMFB-A) piloted a habitat improvement product in 2008. With the support of the IFC, a housing microfinance loan product was developed. As of December 2010, FMFB-A had 5,003 outstanding housing improvement loans and an outstanding total housing loan portfolio of US$6,759,010.
Microfinance stills remains a relatively new in Tanzania since it has not penetrated yet. Since 1995, microfinance has been linked to poverty alleviation programs and women (Harvey et al., 2018). [1] The government made efforts to ensure commercial banks have continued to provide financial support to the small entrepreneurial business.