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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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Unintended consequences of microfinance include informal intermediation: some entrepreneurial borrowers may become informal intermediaries between microfinance initiatives and poorer micro-entrepreneurs. Those who more easily qualify for microfinance may split loans into smaller credit to even poorer borrowers.
Of 446 microfinance institutions worldwide that it was tracking at the end of 2005, 39 lent only through this method, while another 205 used a mix of solidarity and individual lending. The average loan balance outstanding at solidarity lenders was $109 (19% of local gross national income ), compared to $1,024 (61% of local gross national income ...
The Africa Microfinance Network (AFMIN) is an association of microfinance networks in Africa resulting from an initiative led by African microfinance practitioners to create and strengthen country-level microfinance networks for the purpose of establishing shared performance standards, institutional capacity and policy change.
Dedebit Credit and Savings Institution SC (DECSI) is a microfinance institution operating in Tigray Region, in northern Ethiopia. With over 460,000 customers, [ 1 ] the DECSI is one of the four largest MFIs in Africa .
MicroLoan Foundation is a UK-based microfinance charity that gives small loans and business training to women in Malawi, Zimbabwe and Zambia.The main objectives of the organisation is poverty alleviation and gender empowerment, and consequently its main focus has been on the women living in the rural areas, who make up majority of the poor in Sub-Saharan Africa.
The real average portfolio yield cited by the sample of 704 microfinance institutions that voluntarily submitted reports to the MicroBanking Bulletin in 2006 was 22.3% annually. However, annual rates charged to clients are higher, as they also include local inflation and the bad debt expenses of the microfinance institution. [20]
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