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Endorsement Of Microcredit System In Pakistan

Endorsement Of Microcredit System In Pakistan

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Title: Endorsement Of Microcredit System In Pakistan

Essay Details:

Subject: Business

Author: Larry M

Date: October 29, 2015

Level: University

Grade: A

Length: 3 / 724

Essay text:

And of course, we celebrate the latest country which has joined the microfinance movement, Afghanistan, which has enabled itself to get off to a running start in creating a vibrant microfinance sector. Before going ahead, we must clear our concept of what microcredit is all about? Basically, micro-credit is a kind of banking service provided to unemployed or low income individuals or groups who would otherwise, have no other means of gaining financial stability to start or expand their small and medium businesses. Like conventional banking, microfinance institutions also charge the borrowers an interest on loans granted but these rates are generally lower than those offered by normal banking circle...

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