Everyone in the charity world is throwing around the term “microfinance” as the way to help change a poor community. Microfinance principles are based on investments made in the community through small, or micro loans, and then letting the community help themselves through the creation of jobs. Microfinance is something CRF has been dabbling in for the past 5 years, and in those 5 years we have learned what types of projects work the best. It is especially tough in Africa where the loan default rate is very high in microfinance banking. To be successful in Africa, one has to understand the culture of money in Africa. Money is not saved in Africa, it is spent. If you have money… Read more »
Posts Tagged: Microfinance
Recent Posts
Archives
- March 2018
- February 2018
- December 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- April 2016
- March 2016
- February 2016
- December 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- March 2015
- February 2015
- January 2015
- December 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- December 2011