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The Microfinance Institutions Network was created to promote microfinance. The network promotes responsible lending, client protection, good governance and a supportive regulatory environment. It was established in October 2009 as a society under the Andhra Pradesh Societies Registration Act 2001.
The Microfinance Network is a network of 20 to 25 of the world's largest microfinance institutions, spread across Asia, Africa, the Middle East, Europe and Latin America. Established in 1993, the Microfinance Network provided support to members that helped steer many industry leaders to sustainability, and profitability in many of their largest ...
The six founding members of the Network of Microfinance Institutions in 2002 were the National Bank for Economic Development (BNDE), the Development Finance Company , the Cooperative Savings and Mutual Credit Fund , the Municipal Development Fund (Fonds de Développement Communal, FDC), Twitezimbere ASBL and the Cooperative for Solidarity with ...
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The six founding members of the Network of Microfinance Institutions were the National Bank for Economic Development (), the Financial Company for Development (), the Cooperative Fund for Savings and Mutual Credit (), the Municipal Development Fund (Fonds de Développement Communal, FDC), Twitezimbere ASBL and the Cooperative for Solidarity with Peasants for Savings and Credit ().
In 2009 and 2010, Accion helped to start microfinance institutions in underserved areas of Inner Mongolia, Cameroon, and Brazil.. In December 2009, Accion inaugurated Accion Microfinance China (AMC) in Chifeng Prefecture, Inner Mongolia; this microfinance institution represented the first wholly owned foreign microcredit company (MCC) and only the second wholly foreign-owned MCC in the country.
He has worked in microfinance since 1995 after having started an NGO in 1978. He is the pioneer of microfinance in eastern India. He is also the founder-member of Sa-Dhan. [12] Mr Kuldip Maity is the MD and CEO of Village Financial Services. He is associated with Sa-Dhan, AMFI West Bengal and Micro Finance Institutions Network (MFIN). [13]
Village bank loans typically use market interest rates. A 2006 study of 71 microfinance institutions engaged in village banking found an average portfolio yield of 27.7%, after adjusting for local inflation. [8] The village bank itself will usually mark up this rate when it on-lends to individual members.