Today in human geo we went over a study guide for the test Friday.
The notes from today’s class are;
·
Microfinance; a form of financial services for entrepreneurs
& small business’ lacking access to baking & other services
·
Microloans; a small loan given to individuals
who might not have access to typical banking
·
Problems;
o
High interest (23%)
o
Providing services to those in poverty is high
in money
o
Time consuming for processing all the loans
·
Receiving;
o
People who are trying to kick start a small
business
o
Villagers funding clinics, hospitals, etc.
o
Students trying to further their educating
o
Teachers starting a school
·
Kiva
o
$500,000,000 in loans
o
1 mil lenders
o
1.1 mill borrowers
o
Repayment rate = 99.01%
No comments:
Post a Comment