Thursday, December 5, 2013

Microfinance PowerPoint

Microfinance: a form of financial services for entrepreneurs and small businesses lacking access to banking and related services
Microloan: a small loan given to individuals who might not have access to typical banking services.
Kiva gives microloans. Have lent $500,000 in the past month.There current repayment rate for all its partners is 99.01%
Who receives microloans?
 -Microentrepreneurs who are trying to start a small business
 -Villageres needing to fund a clinic hospital or other health care facilities
 -Teachers who want to start a school
 -Student who want a further education
Problems with microloans:
 -high interest rates (sometimes 23%)
 -cost of providing banking services to those living in poverty is high
 Microloans are a help, not a Cure
 -Banking services usually aren't available to people
 -its not just loans, but also insurance
 Challenges
 -many challenges
 -some can be alleviated through microloans
Malaria
 -Mosquito-borne infectious disease
 -Means "bad air"
 -Comes from female mosquitos
 -Kills around 665,000 people a year in sub-Saharan Africa
 -Mosquito nets can help (Bill Gates and wife)
Philanthropy
 - generous donation of money to good causes, and Bill and Melinda Gates are the second greatest philanthropists in history ($28 billion, 1/3 of their wealth)
 -they support research and development for a vaccine, diagnostics, and mosguito-control measures- like mosquito nets

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