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Community Loans: Part II

Community Loans: Part II

The following was written for the Kiva Fellows blog.  See the original here. I spent all last week touring a province in the Philippines with a 7-person team in an effort to gather market intelligence about the region.  The purpose is to determine whether or not NWTF should open a branch here.  Much of our day is spent driving around a town (one in the morning and one in the afternoon) looking for the poorest neighborhoods.  The Dilapidated Housing Index…

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Community Loans: Part I

Community Loans: Part I

Microfinance is a term to describe the broad umbrella of financial services to people without access to a traditional banking system.  Microfinance institutions (MFIs) provide these types of services, which include microcredit, insurance (health, life, crop), savings accounts, remittances, and others.  Most MFIs rely on social collateral for repayment, which, in turn, is dependent on the strength of the community.  The community is at the center of the mission of microfinance, and some of the most interesting services offered by…

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