microfinance
Poverty-targeted banking services
Microfinance is the provision of financial services—small loans, savings accounts, insurance—to people too poor to access traditional banking.
The loans are typically modest amounts enabling recipients to start or expand small businesses: Microfinance helped her buy a sewing machine and launch her tailoring business.
The model gained prominence in developing countries as a tool for poverty alleviation.
Independence from outside aid
- self-employmentWorking for yourself
- entrepreneurshipCreating and managing ventures
- upliftmentAct of raising up
- livelihoodMeans of earning income
Jointly operated enterprise
- villageSmall rural community
- grassrootsCommon people as political base
- bottom-upStarting from fundamentals
- participatoryInvolving active contribution
decentralized · collective · tontine · neighborhood · local
Ability to repay debts
- repaymentGiving back what's owed
- kivaPueblo ceremonial chamber
- installmentPeriodic partial payment
- borrowerOne who takes temporarily
One who starts businesses
- vendorOne who sells goods
- traderOne who transacts commercially
- artisanSkilled manual tradesperson
- shopkeeperSmall store manager
seamstress · farmer · handicraft · livelihood · inventory · startup · scale-up
Wealth used for investment
- grantBestow or award money
- investmentDeploying capital for returns
- donationVoluntary charitable gift
- subsidyFinancial assistance from government
self-sufficiency
Independence from outside aid
- self-employmentWorking for yourself
- entrepreneurshipCreating and managing ventures
- upliftmentAct of raising up
livelihood · unbanked · underserved · marginalized · agency
cooperative
Jointly operated enterprise
- villageSmall rural community
- grassrootsCommon people as political base
- bottom-upStarting from fundamentals
participatory · decentralized · collective · tontine · neighborhood · local
creditworthiness
Ability to repay debts
- repaymentGiving back what's owed
- kivaPueblo ceremonial chamber
- installmentPeriodic partial payment
entrepreneur
One who starts businesses
shopkeeper · seamstress · farmer · handicraft · livelihood · inventory · startup · scale-up
capital
Wealth used for investment
- grantBestow or award money
- investmentDeploying capital for returns
- donationVoluntary charitable gift
subsidy · endowment · crowdfunding · donor · philanthropic
- bankingbank, banks, ATM, ATMs, account
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
- economyGDP, money, inflation, inflation rate, GNP
- loansloan, loans, lend, borrow, auto loans
- fundingfunding, grant, loan, grants, venture capital
- funding sourcesloans, savings, grants, donations, scholarships
microfinanceprivate banking
Bespoke services for millionaires
wealth management · predatory lending · Wall Street · hedge funds · private equity