Introduction to microfinance through the experiences of micro-entrepreneurs customers of the Foundation José Niebrowski. This Microfinance Institution is located in Managua, Nicaragua. In this Central America country, half of the population live below the poverty threshold.
In Senegal, 40 % of young people are unemployed. What is licking is not the will but employment opportunities. Microfinance can be a springboard for young people, to allow them to create their own business.
Financial return and social return: that is what microfinance can offer to the potential investors, explains Axel de Ville, Director of ADA.
What differentiates a Microfinance Institution from a classic bank, is the trust relation between the credit agent and the customer.Credit agents like José Tomas regularly work in the field, meeting their customers.
Les Midis de la microfinance took a new turn on February 26th of this year. This occasion was sponsored by the UN Advisors Group on Financial Sectors in Luxembourg. The 7th Midi de la microfinance, took place in the presence of the Grand Duchess Maria Teresa and the Minister of the Luxembourg Cooperation, Jean-Louis Schiltz, was streamed live over our web site. Watch the six videos of the Midis.
Such was the subject found on menu at the VIIIème Midi de la microfinance, on May 20th 2008, at the Bank of Luxembourg. A panel of experts formed by Anne Will Oppose (Arendt & Medernach), Frédérique Lifrange (Elvinger, Hoss & Prussen) and Natalie Dogniez (KPMG), approached the aspects of the lawful framework and Luxembourg financial funds of investment in microfinance.
Can the poor save? The example of the Confederacy of the financial institutions (CIF) West Africa, shows that it is possible, and that the savings accumulated by an individual can be even superior to the credit. Alpha Ouedraogo, general director of the CIF, and Kind Dominique, co-author of the work "Microfinance in West Africa: histories and innovations", shared their experiences at the 9th Midi de la Microfianance. (June 12 08)
