Concrete proposals are taking shape among delegates, including expanding non-traditional banking institutions that make small, no-collateral loans to village women.
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About 41, 000 women have bought mobile phones with no-collateral loans from Grameen Bank, the brainchild of Bangladeshi economist Muhammad Yunus.
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In New York, the trade group for the industry changed the very name of the business, from pawnbroker to " collateral loan broker ."
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So I support what are called " microloans " _ small, no-collateral loans allowing the poor to build a business and employ their neighbors.
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Ismail said if a co-operative needed additional capital for its project, the department could provide an immediate non-collateral loan of up to RM30, 000.
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"If the commercialisation of collateral loans is made impossible, you have a bad framework, " he said . " I think natives and foreigners must be treated equally.
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More than 1, 000 officials and experts gathered in Bangladesh on Monday to discuss how to make small, no-collateral loans available to 100 million of the world's poorest people by next year.
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Early in the history of both brokerages, the collateral loans companies were known for dealing with aristocratic families looking to bridge periods of financial distress or take out discrete loans for other purposes.
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Nearly 20 years ago, Yunus founded the Grameen Bank to give no-collateral loans of as little as dlrs 50 to the poor _ mostly women _ to help them start their own small businesses.
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More than 1, 000 economists, central bank governors and aid officials from 44 countries were meeting in Bangladesh on Monday to promote the " microcredit " system, which offers small, no-collateral loans to entrepreneurs in poor countries.
मोबाइल