US CORNER - Paul, Weiss
... Eric Goodison, Partner, Paul Weiss Rifkind, Wharton & Garrison LLP, New York* ...
... Eric Goodison, Partner, Paul Weiss Rifkind, Wharton & Garrison LLP, New York* ...
1 Bank-Borrower Relationships and Transition from Joint Liability to
... collateral. We argue that a similar reputation effect may be at play in the process of graduating from joint to individual liability loans in the microcredit sector. So, for instance, when an MFI extends group loans to its new clients, group members monitor each other’s activities and exert pressure ...
... collateral. We argue that a similar reputation effect may be at play in the process of graduating from joint to individual liability loans in the microcredit sector. So, for instance, when an MFI extends group loans to its new clients, group members monitor each other’s activities and exert pressure ...
Will crowdfunding contribute to financial development in developing
... make a significant contribution to financial development in developing countries. It starts out by reviewing the state of play of crowdfunding in mature and developing countries (section 2). Concretely, we provide an overview of size, structure and key characteristics of crowdfunding. Moreover, we h ...
... make a significant contribution to financial development in developing countries. It starts out by reviewing the state of play of crowdfunding in mature and developing countries (section 2). Concretely, we provide an overview of size, structure and key characteristics of crowdfunding. Moreover, we h ...
Taking Tiny Loans to the Next Level (Business Week)
... Microfinance operations must streamline if they want to reach the maximum number of people. To facilitate that goal, this October the Gates Foundation gave $1.5 million to Unitus, the same Redmond (Wash.) organization that launched the equity fund. Unitus also works to help midsize microfinance inst ...
... Microfinance operations must streamline if they want to reach the maximum number of people. To facilitate that goal, this October the Gates Foundation gave $1.5 million to Unitus, the same Redmond (Wash.) organization that launched the equity fund. Unitus also works to help midsize microfinance inst ...
Microfinancing
... to pay for. •Loans are typically less than $125 made to the rural poor who normally do not qualify for traditionally banking credit. ...
... to pay for. •Loans are typically less than $125 made to the rural poor who normally do not qualify for traditionally banking credit. ...
Kiva (organization)
Kiva Microfunds (commonly known by its domain name, Kiva.org) is a 501(c)(3) non-profit organization that allows people to lend money via the Internet to low-income / underserved entrepreneurs and students in 82 countries. Kiva's mission is “to connect people through lending to alleviate poverty.”Since 2005, Kiva has crowd-funded more than 1 million loans, totaling more than a half a billion dollars, at a repayment rate of 99 percent. As of November 2013, Kiva was raising about $1 million every three days. The Kiva platform has attracted a community of more than 1 million lenders from around the world.Kiva operates two models—Kiva.org and KivaZip.org. The former model relies on a network of field partners to administer the loans on the ground. These field partners can be microfinance institutions, social businesses, schools or non-profit organizations. KivaZip.org facilitates loans at 0% directly to entrepreneurs via mobile payments and PayPal. In both Kiva.org and KivaZip.org, Kiva includes personal stories of each person who needs a loan because they want their lenders to connect with their entrepreneurs on a human level.Kiva itself does not collect any interest on the loans it facilitates and Kiva lenders do not make interest on loans. Kiva is purely supported by grants, loans, and donations from its users, corporations, and national institutions. Kiva is headquartered in San Francisco, California.