Master of micro-credit open enrollment period of development:

Master in microfinance development in its own right at the Autonomous University of Madrid is the graduate education first and only face-to-face in microfinance in Spanish public universities. The objective is to provide specialized training, practice and quality for all microfinance stakeholders.

Bilingual program, taught by experts and professionals, Claudio Gonzalez Vega, Dr. Ohio State University (USA), John K. Hatch, founder of FINCA International (USA), Alvaro Ramirez, former head of the Department of Micro and Medium Enterprises Bank (USA), Mr Lacalle Calderon UAM professor and co-director of the Microfinance Forum (Spain), Silvia Rico, Lum Nantik Foundation (Spain), Philippe Guichandut, director of development and engineering of the Grameen Crédit Agricole (France), Vikash Kumar, Head of Microfinance in (India), Crnkic Kenan, president / CEO of Prizma (Bosnia and Herzegovina), Mynor Corzo, FONDESOL Manager (Guatemala), Ramon Flores, Senior Investment Responsibility (Peru), Micol Pistelli MIX Social Performance Manager (USA) Robert Ogunde, the manager, ServeIT (Kenya), Class TriodosFacet Molenaar (Country Netherlands), the police Ange, Coordinator of Strategic Development Foundation La Caixa (Spain)

The master of micro-credit for the development was designed for a group of maximum 25 students per year. It is intended for professionals who wish to work in the microfinance sector, both in Spain and abroad, working in microcredit and microfinance and motivated students through social action and development cooperation.

To provide a high quality education and gives an overview of the microfinance sector is not sufficient to provide a theoretical framework for our students. For this reason, since the Master, we also offer the possibility to check for microfinance institutions in Africa, Asia, Latin America and the Caribbean, North America, Eastern Europe, and many courses Spain.

Thank you to the efforts of those who are part of this project, the Master in microfinance for development becomes the first and only face to face large public universities in Spain. As a result, it has a degree of micro-credit was the key to training and development of young, educated, not only in the economy but also to a even wider range of professionals from other disciplines such as political the sociology of law and technology, and different countries, Argentina, Peru, Puerto Rico, United States Morocco, France, Italy.

Insurance and the end of the world

At the time I write this is the end of the world a few days ... If you believe the Mayan calendar. And if you're like most people there, I'm sure you do, the obvious question in the minds of most people, "that my insurance covers my cars and houses if they are destroyed at the end the world "? He also referred to his habit of life "to pay a death benefit if you do not at the end of world events Here are some things to put you at ease when your insurance.:

Most insurance policies in particular the list of things that are excluded from coverage, and the list can easily find all the policies that you buy. Check your policy and you will probably find that Apocalypse is not listed as an exception to coverage. I know what you may think, led to the end of the world will have a cover, like meteors, storms and volcanic eruptions in Yellowstone National Park beautiful. Do not worry, you probably will not find one of these disasters is presented as an exception or.

Even things that are exempt are protected if you are willing to spend a few dollars more. Earthquakes and floods, both real possibilities end of the world comes, are generally not covered by insurance. However, you can usually add a rider earthquake and your house insurance against flooding through the National Flood Service.

If your neighbor has also survived the Apocalypse, but breaks into your house to steal your survival kit, your insurance company will replace your policy. If they steal your 4 x 4 to get to higher ground, how to perform a complete coverage. Insurance companies do not ask why something has been stolen or refuses to replace only part of flight had to do with the end of the world.

If your home is not damaged, but a burst of EMP knocked out power to half of the continent, do not worry about the hundreds of pounds of food placed in the freezer in preparation. Most home insurance policies are covered by the energy loss resulting from damage to the food. Just eat dry food and fruits in your garden as a sustainable power is restored. Then call your insurance company and your application. Your home should provide the money necessary to fill the freezer in his underground bunker (less the deductible).

If you buy the type of (non-fatal accidents) life in only two types of death cannot evade the payment of his family is fraud and suicide (the first year or two, depending on the state in which they live). Whether the plague, swallowed by the earth under your hole, dropped asteroids falling or even a plan, it fell by asteroids, your insurance will pay your beneficiaries a death benefit so that you have a lot of money in the stock option plan to live underground bunker.

They can increase the chances that the end of the world, leave your home or car, but not much to worry about your insurance does not cover the damage. And if it does not put your mind at ease, you can always leave the car and the house and moved into the ark of the team that built for his family to prepare for flooding.

Micro-credit also offers student loans

Banks do not offer any person whose income is low and no credit history, any loans or financial assistance. But of course, there is a type of loan that is available in the developing countries, which are provided to individuals who meet the criteria of accuracy. It is primarily designed to encourage entrepreneurship and help those who do not even have a warranty to cover loans. The name of this financial product is "micro-credit". Although it could be argued that student loans are a specialized loan in no way be compared with microcredit.

Students are not tangible assets (houses, stocks, bonds, investments, 401K), but they are almost as administrative safeguards. For the starting of a race, led to the belief that they have difficulty to repaying their loans. Microcredit is reserved for those who are established in support of poverty. However, you can use microfinance to help the student debt consolidation?

Imagine for a moment that when students graduate and enter the adjustment criteria are entitled to microcredit. This would help to consolidate student loan debt effectively consolidate their existing debt on the books of a micro-credit contracts. It can be essentially a corporate rate in a "course" call benign change as microcredit.

Microcredit is supported by the United Nations as a means to eradicate poverty and promote economic growth in developing countries. We cannot deny the possibility of success of microcredit in the world and good in the years to come. In fact, the same field of microfinance was Nobel laureate who Younse. With this performance profile, then this concept may indicate that some students say is that those who need financial incentives to all aspiring entrepreneurs. Encourage low-income families and families achieve their goals of economic independence and freedom.

The biggest obstacle you may encounter find institutions willing to participate in the reform of student loans, with so much money generated by the process each year. It would be another problem, and considered by the Government. In theory, however, is an inspired choice for change on the issue of student debt.

Thank you for taking the time to read my article!

Why interest rates of microfinance so high?

Over the years since the time when Muhammad Yunus won the Nobel Peace Prize, has become almost a household of microcredit term. The gift and even to invest in the micro-finance organizations has become a tradition that is popular at the end of the year in many philanthropic families in mind. But when people become more familiar with the sector of microfinance, the inevitable question: why so high interest rates?

In fact, rates of interest seems fairly high compared to commercial microfinance loans in the United States-course. On average, approximately 30% of the interest rate seems high micro-financing, although only in relation to credit cards. But before closing their accounts and place Micro kiva and cancel its annual contribution to the action moves us further in this topic of interest.

Some will say that political and an increased risk to foreign currency loans, is such that increases in costs to borrowers of micro-enterprises. Although these factors may play a role, there are many parties involved in the puzzle of microfinance interest rates. To make the clearer picture on what is happening, must take into account all the elements that make up these charges.

The mixture:

With the help of statistics on the market in the mixture, containing an Association of microfinance industry financial information-look at the values of the elements that make up the Micro Finance interest rates.

According to mixture has reported an average daily balance of a loan for a large part of 1,000 organizations in 2008 was about $600. Average nominal "gross portfolio return" was 30.7%. Performance of a portfolio is a good approximation of rates means applied by microfinance for their borrowers. Now, 30% seems high, but the amount of the benefits a reality? Want to you know, we need to look at their own expense.

Cost of financing:

For the same group of microfinance is the raw mix of financial statements 5.2% of the total assets and the portfolio of loans, 78.5% of total assets. We use these two figures were combined for the overall estimate of 6.7% share of 30.7% came from contributions from the interest.

What does this mean? The institutions of micro finance should always get money from somewhere. In many cases, borrow money from banks and microfinance (WFSA) investment vehicles: agencies that specialize in microfinance investment. Some microfinance have their own funds to applicants who has to offer. In all cases, you must pay the costs of call routing, loans and interest. The average cost of these funds, as we said in our previous estimates of about 6.7%.

These institutions in developing countries, with significant political risks in the game market is at first glance, 6.7% low interest rates. But there are many people and organizations that fund social investors of these institutions. Governmental organizations such as social investors, public authorities and non-profit organizations are not prepared to accept lower return on your money for a social mission that meets your investment. As a result, social investors reduce costs to borrow money for microfinance.

In addition to the economic costs of the financial institutions to create a provision of money in loans for all losses. Reserve for loans to help financial institutions to absorb future loan losses. Use a mixture of available statistics and our adjustments, we find that the cost of the allowance for loan losses is 1.4% of microfinance interest rates.

When microfinance organizations raise funds, they must be present, and therefore the law can cost money. According to the mixture, administrative costs, such as Office, transport, etc., information systems, it is approximately 6.4% of the assets in a microfinance institution: 8.1 percentage points in general our country from above.

Micro financial institutions also have costs for staff, wages, benefits, etc... The mixture was a personal expense 8.0% of total assets, which means percentile 10.1 points.

Microfinance Business Model

"Microfinance" is often defined as financial services to poor clients and low income. In practice, the term is often used more to refer to loans and other services providers who are identified as "microfinance institutions" (MI). These institutions generally tend to use new business models developed over the last 30 years to provide small loans to pay borrowers with little or no security. These methods include responsibility and group lending, a former savings requirements for the loan, the loan is becoming increasingly slowly, and an implicit guarantee of access to future loans if the loans are repaid in full and quickly.
Home MFI

MFI occurred when lack of access to credit for the poor is due to practical difficulties that the difference between the economic and operational characteristics, followed by financial institutions and financing needs of low-income households. For example, trade credit requires borrowers to have a stable source of income, which can be paid principal and interest in accordance with the agreed terms. But the incomes of many households are not stable, independent, independent of size. A large number of small loans needed to serve the poor, but lenders prefer to deal with large loans in small amounts to minimize administrative costs. Also seeking guarantees a clear title, which has many low income families. Besides banks tend to show low income introduction of a risk information is wrong track operating costs extremely high.

Microcredit is a part of microfinance, is an extension of very small loans (microloans) to those living in poverty designed to spur entrepreneurship. These people are not real, stable employment and a verifiable credit history and therefore can not meet the minimum requirements for access to traditional credit.
The business model for the economic viability

During the last decade, however, the successful experience in providing financing to farmers and small businesses shows that poor people, when access to financial services and price sensitive market, repay loans and profits used to build income and assets. This is not surprising because the only realistic option is for them to borrow in the informal market at rates much higher than market rates. Community banks, NGOs and groups of credit unions in the world at the local level have shown that these micro-credit can be profitable for borrowers and lenders who make microfinance strategies poverty reduction more effective.

Insofar as MFIs to become financially sustainable, autonomous and integral part of communities where they operate, has the potential to attract more resources and expand services to customers. Despite the success of microfinance institutions, only 2% of the world some 500 million small business owners are estimated to have access to financial services.

Grameen Bank, which is a synonym for microfinance, makes small loans to poor people without collateral. Founded in 1976, the Grameen Bank (GB) of over 1,000 branches (Branch includes 25-30 people on 240 teams and suppliers of 1200) in each province in Bangladesh, borrowing groups in 28,000 villages, 12 borrowers lakh more than 90% are women. At an annual growth rate of 20 percent in terms of its borrowers. The main feature is the rate of repayment of loans, which are as high as 98%. A most interesting aspect is the ingenious way the credit enhancement, without "guarantees". Loan system of the Grameen Bank is simple but effective. The system of the bank based on the idea that the poor have skills that are underutilized. There is a group lending strategy that uses peer pressure to ensure that borrowers advance and pay attention to managing their financial affairs in strict discipline, ensure that the final payment and borrowers to develop a good rating credit.

The business model where most of the works is to microfinance lending solidarity. Solidarity lending is a lending practice in small groups and encouraged each other along, provided that group members

Microfinance and microcredit, a way out of poverty

Have you ever heard of micro-finance? It consists of a range of financial services such as microcredit, savings and insurance for the poor. This system is commonly used in developing countries as a way to help people grow their income, money to pay their taxes and a comprehensive solution to reduce poverty.

People to whom these services are peasants, unemployed or self-employed poor. Some of these people have few assets to use to get a loan, even if they own land, often no documentation to prove ownership.

A goal of microfinance is to help poor people start businesses. This is very useful for anyone in the long run, because it would be a way to make money.

As part of microfinance is microcredit types of credit available to the poor, improve their economic situation. The focus is on developing the ability of a micro-entrepreneur and also helps to start your own business and through hard times.

Mcrocredit is not only in the poorest countries, but also in developed countries like USA, Israel, Russia and Ukraine. In the U.S., an estimated 12.6% of the population live in poverty. Although disputed that people can escape poverty from a small business, are micro-credit is used to help people in need.

There are a number of organizations offering micro-credits, among them are the non-profit organizations to make the world a better place for poor people too.

Eunsecured also working with these nonprofit organizations to provide people with a bad financial situation and obtain resources for a loan [http://www.eunsecured.com]. This is particularly useful for the poor, with a very low score. Let us help you - today!

Microcredit using mobile phone technology

We live in the age of modern technology. Technology gives us many things like as mobile, computer, TV, internet etc. It is the best to use technology. If we use our modern technology we can easily complete our daily works. In our daily life we always mobile phone .In this era Mobile phone is popular technology .Almost all people have a mobile phone .People in rural areas also use mobile phone. In the past time mobile phone was used only for calling .But now mobile phone is use in varies works .At present people are not use mobile phone only for calling they also use it as a mp3 player, TV, recorder, calculator, torchlight, clock etc .Recently mobile phone gives banking facility .This is called mobile banking .It is very easy and safe.

Nowadays Microcredit or Microfinance organizations are trying to use mobile banking in their business and also give this facility to their clients .I think this is a good step to improve themselves .By using this they me gets more clients. By using mobile banking clients may guttered more news update from microcredit organization.

The mobile banking is a new step to give much facility to microcredit holders. I think microcredit organizations should give more facility to their clients for get much popularity.

Development priest of Jordan make meeting with Microcredit legislative body

The priest of Plan and global Cooperation of Jordan, J’afaar Hassan, in recent times meets with a group of microcredit companies as part of the plan of the country’s general plan for the microcredit part. The minister uttered hold up for rising the part in line up with global most excellent practices and creating a governmental frame to allows individual-sector and legal-society institution to sponsorship and or else bear microcredit. The prepared preparation covers the years 2012 throughout 2014.

The assembly was attended by the common manager of the progress and service Fund, a administrational organization, and legislative body of the United Nations release and installation Agency’s microcredit section and the subsequent Jordanian microcredit companies: National Microcredit Bank, Microcredit for Women, Jordan Microcredit, Microcredit Company, the Middle East Microcredit corporation.