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Please move this page so it becomes a child page of Fundraising Strategy. Also please use headings instead of just bolding lines (see below) |
What is Microcredit?
h2. What is Microcredit?
The provision of small loans or microcredit to poor people to help them engage in productive activities including growth of very small businesses is called Microcredit. The term may also include a broader range of services, including credit, savings, and insurance.
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Name | Name of the Individual | Contact Information | Comments |
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Adelante |
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Allderdice | April |
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Coca-Cola | lmanley@na.ko.com | http://www.businesswire.com/news/google/20070322005518/en | Coca-Cola USAID partnership on water and sanitation |
Finca Honduras |
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Finsol |
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Fundahmicro |
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FUNED |
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ODEF |
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Worldrelief |
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Wells Resource Center for water, sanitation and environmental Health |
| http://www.lboro.ac.uk/well/\\![]() |
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Water Partners |
| Really interesting organization. recommended by Larry Harrington although I think this is the same organization that Andra Tamburro from Water Advocates recommended |
Microcredit projects that already exist in Central America
In general Microcredit projects can range anything between lending to an individual to implementing a project which would help the whole community at large (generally with the aid of the government or a Non-governmental charitable institution). The current Microcredit projects in Central America are mainly concentrated on Small size businesses. Microcredit in Central America has been growing at a steady pace of 20% in the last decade with Honduras among the lower end of growth spectrum.
How Microcredit works?
All the Microfinance orgnanizations in Honduras seem to follow the grameen model for lending pursposes, in this model an organization assigns a number of officers to a community to familirize with the situations on ground and gather loan applications. Once the loan applications are reviewed they decide on potential borrowers (usually the limit is 5 people) and form a group of with all them as members. Then they give money to 2 members of the group (the loan could range from anything between $50 to $5000) and monitor repayments for a two year period. If the two borrowers do return the money on time they extend the loans to everybody else in the group, this dynamics creates a peer pressure among the borrowers to make payments on time.
How Microcredit can be used to help Aguaclara?
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This is repeated from Fundraising Strategy. Please erase this text and just make sure that all this background info is on that strategy page. Let's keep this page just for a chart of organizations, and not other info, too. Especially not repeated info. |