Microcredit definition

Microcredit means a loan of up to EUR 25 000;
Microcredit means a credit made or proposed to be made to an IDP out of the proceeds of the Credit by ARRA, through a Service Provider (as hereinafter defined), under a Microcredit Agreement (as hereinafter defined) pursuant to the provisions of paragraph 7 of Schedule 2 to the Project Agreement; and the term
Microcredit means the provision of small loans to small or micro enterprises, low-income customers, financially underserved customers, or as determined by the Registrar, where—

Examples of Microcredit in a sentence

  • Microcredit for Rural Water Supply and Sanitation in the Mekong Delta.

  • Microcredit activities must be supervised and controlled by the sponsoring club or district.

  • Financing income” is generated from loans facilitated through the Company’s platform funded by the consolidated trusts and Fuzhou Microcredit, which charge fees and interests from borrowers.

  • The Bank has suspended further appropriation to SMEEIS (now known as Microcredit Fund) reserve account in line with the decision reached at the Banker’s Committee meeting and approved by CBN.

  • Microcredit activities need to be supervised and controlled by the sponsoring club or district.

  • Therefore, all MCFs are legal successors of the property, rights and obligations of MCOs established in accordance with the Law on Microcredit Organisations from 2000.

  • Six Randomized Evaluations of Microcredit: Introduction and Further Steps.

  • Grant sponsors need to submit a Global Grant Report Supplement for Microcredit Projects with the final grant report.

  • Clubs and districts that want to use global grant funds to support a microcredit project need to submit a Global Grant Application Supplement for Microcredit Projects with their grant applications.

  • In accordance with Article 11 of the Decision on General Conditions for Operations of Microcredit Organisations, MCOs shall keep records on donated funds and treat them as donated capital on which they have to report to the Agency.


More Definitions of Microcredit

Microcredit means small loans to persons in need, as defined by the relevant laws, for personal use or for agricultural activities, and self-employment projects that generate income.
Microcredit means a loan made or proposed to be made by a PO to a Beneficiary for an Eligible Activity;
Microcredit means sub-loan financing provided by the Borrower, through OGM, to a Beneficiary from the proceeds of the Loan, in accordance with Schedule 2, Section 1.C to this Agreement, to carry out activities under Part 2.C(iii) of the Project; “Microcredits” means collectively all such sub-loan financing.
Microcredit means the business of extending primarily short-term and medium- term credit to low-income persons, typically without requiring collateral.
Microcredit means the microcredit as per the definition under section 2(22) of the Act; (15)“Microcredit Organization” means the microcredit organization as per the definition under
Microcredit means a credit accommodation whose security may include non-traditional collateral, granted to a natural person, individually or in a group, whose income depends on his or her own business or economic activity and who may lack formal financial statements and other accounting and operational records.

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