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An Introduction To CMPL PDF Print E-mail
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Monday, 25 May 2009 16:56

Credible Microfinance Private Limited (CMPL) as a NBFC regulated by Reserve Bank of India extended the credit facilities to its clients with negligible rate of interest in comparison with local money lenders. With this service the poor women meet their credit need in time and also not depended on the local market where money lender exploited them for a long period. Through Credible Microfinance Pvt Ltd’s loan assistance the poor clients have also generated their income and improved their living standard.
Last Updated on Monday, 08 February 2010 10:50
 

Lending Methodology Exchange Workshop

The World Microfinance Forum Geneva organized a full day workshop for managers responsible for micro and small loan portfolios. Selected financial institutions from a developed country (Switzerland) and a developing country (Bolivia) presented their respective lending methodologies, and a moderator facilitated an exchange of experiences.

MICROFINANCE AND THIRD WORLD DEVELOPMENT

Third World (TW) development is now half a century old and coincides with a period of substantial Northern economic aid to the economies of Third World countries. Despite this assistance, TW poverty continues. This situation has been caused by several critical factors, yet current literature mainly blames the orthodox development approach, which fosters channeling foreign aid and loans through state and para-state agencies.

News At A Glance

Nearly three billion people in developing countries have little or no access to formal financial services that can help them increase their incomes and improve their lives. Access to a range of microfinance services—savings, loans, and money transfers—enables poor families to invest in enterprises, better nutrition, improved living conditions, and the health and education of their children. It is also a powerful catalyst for women’s empowerment.

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