Document Details
Study of Micro Credit SystemsTSLSP Microfinance Report Nov-2006
Currently support to the MFI sector is provided through the one commercial bank ACLEDA and 16 registered MFIs, with many other registered NGOs and informal credit providers. . MFIs concentrate on the more accessible urban areas and much of the rural sector is poorly served by formal credit providers. Group loans are typically around KR300,000 ($75) with interest rates of around 3% per month with a loan period of around six months on average. Individual loans are usually for larger amounts, have a lower interest rate and are for a longer repayment period. . Other credit models that have been applied including village banking and group savings and loans schemes and rice, cow, pig and buffalo banks involving repayment in kind.
Uploaded on: Feb 2009
File size: 442 KB -
Language: English
Keyword(s):
Credit And Finance
,
Economic Development
Category: Economy
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