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Introduction |
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Definition |
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Three C's of credit |
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UN-General Assembly Resolution |
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UN Report: Role of Microcredit |
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Credit lending models |
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General issues on Microcredit |
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Support services and Linkages |
Much of the current interest in microcredit stems from the Microcredit Summit (2-4 February 1997), and the activities that went into organizing the event. The definition of microcredit that was adopted there was: Microcredit (mI-[*]Kro'kre-dit); noun; programmes extend small loans to very poor people for self-employment projects that generate income, allowing them to care for themselves and their families. Definitions defer, of course, from country to country. Some of the defining criteria used
include- size - loans are micro, or very small in size target users - microenterpreneurs
and low-income households utilization - the use of funds - for income generation, and
enterprise development, but also for community use (health/education) etc. terms and
conditions - most terms and conditions for microcredit loans are flexible and easy to
understand, and suited to the local conditions of the community.
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Microcredit Summit
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Press Release
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