Microcredit definition

Microcredit means a loan of up to EUR 25 000;

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Microcredit means a credit made or proposed to be made to a Sub-borrower out of the proceeds of the Credit by an MCO, under a Microcredit Agreement (as hereinafter defined), pursuant to the provisions of the Attachment to the Annex to Schedule 1 to the Project Agreements, to finance a Qualifying Project Activity; and the term "Microcredits" means, collectively, more than one Microcredit;

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

• For purposes of these representations and warranties (other than those in Subsections 2.2, 2.3, 2.4, and 2.5), the term the “Company” shall include any subsidiaries of the Company, Shanghai Qiyu and Fuzhou Microcredit, unless otherwise noted herein.

• The Company, Shanghai Qiyu and Fuzhou Microcredit (collectively the “Warrantors”) hereby jointly and severally represent and warrant to each Purchaser that, except as set forth on the Disclosure Schedule attached as Exhibit B to this Agreement, which exceptions shall be deemed to be part of the representations and warranties made hereunder, the following representations are true and correct.

• These can include: - Community revolving funds - Payment by instalments - Micro-credit products through banks/micro-finance institutions - Financial support and/or assistance for share and public latrines.

• The Company, Shanghai Qiyu and Fuzhou Microcredit (collectively the “Warrantors”) hereby jointly and severally represent and warrant to the Purchaser that, except as set forth on the Disclosure Schedule attached as Exhibit B to this Agreement, which exceptions shall be deemed to be part of the representations and warranties made hereunder, the following representations are true and correct.

• Provision of concessional financing to Microfinance Providers to extend and outreach Microcredits to eligible Microcredit Recipients.

• The Recipient shall cause MISFA to ensure that any land required for the carrying out of any eligible Subproject shall have been acquired by, or otherwise made available to, the respective Microcredit Recipient on a voluntary basis.

• Unless otherwise agreed to by the Bank, the Borrower, through OGM, shall submit to the Bank for prior review and approval the first two (2) Subprojects (with the financing terms recommended by OGM) for each sub-activity listed in paragraph 6 above that OGM proposes to approve for Grant and/or Microcredit financing.

• Microcredit Regulatory Authority (MRA) has been established under the act which is now empowered and is so responsible to implement the said act and to bring the microcredit sector of the country under a full-fledged regulatory framework.

• There is certain entrustment arrangement with respect to the interest in the registered capital of Haidong CRF Micro-credit Co., Ltd, pursuant to which five individual shareholders have been entrusted by XinEr Fu Business Management Co. Ltd.

• The EGM will be convened by the Company for the Independent Shareholders to consider and, if thought fit, approve the Renewed Sharing of Administrative Services and Management Services Agreement and the relevant annual caps.

More Definitions of Microcredit

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 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 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 the business of extending primarily short-term and medium- term credit to low-income persons, typically without requiring collateral.

Microcredit means a loan made or proposed to be made by a PO to a Beneficiary for an Eligible Activity;

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.