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FINCA Afghanistan
FINCA Afghanistan is a nonprofit microfinance organization and an affiliate of FINCA International. Its headquarters is in Kabul, Afghanistan. Background and history FINCA Afghanistan was founded on August 1, 2003 through grants and loans supplied by several donors and funding agencies. Her Majesty Queen Rania of Jordan announced the launching of the program in 2002. FINCA Afghanistan began lending operations in the city of Herat on February 24, 2004. By the end of its first year in operation, the organization had reached over 4,500 clients, an outstanding loan portfolio of almost $700,000, and a repayment rate of 100%. FINCA expanded its operations to Kabul and Nangarhar in 2005, followed by Balkh, Laghman, Kunar and Parwan in 2006, and Kunduz in 2007. In each of these provinces, FINCA established branch and market offices in the provincial capital, as well as outlying cities and districts. FINCA Afghanistan's Islamic banking products Since its inception, FINCA Afghanistan h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fins
A fin is a thin component or appendage attached to a larger body or structure. Fins typically function as foils that produce lift or thrust, or provide the ability to steer or stabilize motion while traveling in water, air, or other fluids. Fins are also used to increase surface areas for heat transfer purposes, or simply as ornamentation. Fins first evolved on fish as a means of locomotion. Fish fins are used to generate thrust and control the subsequent motion. Fish, and other aquatic animals such as cetaceans, actively propel and steer themselves with pectoral and tail fins. As they swim, they use other fins, such as dorsal and anal fins, to achieve stability and refine their maneuvering.Helfman G, Collette BB, Facey DE and Bowen BW (2009"Functional morphology of locomotion and feeding" Chapter 8, pp. 101–116. In:''The Diversity of Fishes: Biology'', John Wiley & Sons. . The fins on the tails of cetaceans, ichthyosaurs, metriorhynchids, mosasaurs, and plesiosaurs are ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parwan
Parwan (Dari: ), also spelled Parvan, is one of the 34 provinces of Afghanistan. It has a population of about 751,000. The province is multi-ethnic and mostly rural society. The province is divided into ten districts. The town of Imam Abu Hanifa serves as the provincial capital. The province is located north of Kabul Province and south of Baghlan Province, west of Panjshir Province and Kapisa Province, and east of Maidan Wardak Province and Bamyan Province. The province famous tourism attraction is the Golghondi Hill, also known as “the flower hill,” is located in Imam Azam city of the ancient Parwan province about an hour away from the capital city of KabuAfter Panjshir this province has been considered as one of the main raising points of Afghanistan War against Soviets. The name Parwan is also attributed to a town, the exact location of which is now unknown, that supposedly existed during prehistory, in the nearby Hindu Kush mountains. Frye, Richard Nelson (1999). "Farra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Microfinance Organizations
Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts; microinsurance; and payment systems, among other services. Microfinance services are designed to reach excluded customers, usually poorer population segments, possibly socially marginalized, or geographically more isolated, and to help them become self-sufficient.Christen, Robert Peck Christen; Rosenberg, Richard; Jayadeva, Veena. ''Financial institutions with a double-bottom line: Implications for the future of microfinance''. CGAP, Occasional Papers series, July 2004, pp. 2–3. ID Ghana is an example of a microfinance institution. Microfinance initially had a limited definition: the provision of microloans to poor entrepreneurs and small businesses lacking access to credit. The two main mechanisms for the deliver ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MISFA
The Microfinance Investment Support Facility for Afghanistan (MISFA) was set up in 2003 at the invitation of the Afghan government to streamline collection of donor money and avoid pitfalls arising from conflicting donor interests that had been seen in other post-conflict situations. It was established as a vehicle through which the Afghan government and international donors could channel technical assistance and funding to build Afghanistan's microfinance sector. In March 2006, MISFA registered as a limited liability, non-profit company whose sole shareholder is the Ministry of Finance of the Islamic Republic of Afghanistan. MISFA Ltd is an independent apex organization with a number of implementing partners on the ground. In most cases, MISFA functions as either the exclusive or primary provider of funds to its partners. The legal status of MFIs has been transformed from NGOs to that of non-profit companies registered with the Afghanistan Investment Support Agency (AISA), as pe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Village Banking
Village banking is a microcredit methodology whereby financial services are administered locally rather than centralized in a formal bank. Village banking has its roots in ancient cultures and was most recently adopted for use by micro-finance institutions (MFIs) as a way to control costs. Early MFI village banking methods were innovated by Grameen Bank and then later developed by groups such as FINCA International founder John Hatch. Among US-based non-profit agencies there are at least 31 microfinance institutions (MFIs) that have collectively created over 800 village banking programs in at least 90 countries. And in many of these countries there are host-country MFIs—sometimes dozens—that are village banking practitioners as well. Methodology A village bank is an informal self-help support group of 20-30 members, predominantly female heads-of-household. If the program is “on mission”, in a normal village bank about 50% of all new members entering the program will be sever ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Microcredit
:''This article is specific to small loans, often provided in a pooled manner. For direct payments to individuals for specific projects, see Micropatronage. For financial services to the poor, see Microfinance. For small payments, see Micropayment.'' Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment, or a verifiable credit history. It is designed to support entrepreneurship and alleviate poverty. Many recipients are illiterate, and therefore unable to complete paperwork required to get conventional loans. As of 2009 an estimated 74 million people held microloans that totaled US$38 billion. Grameen Bank reports that repayment success rates are between 95 and 98 percent. Microcredit is part of microfinance, which provides a wider range of financial services, especially savings accounts, to the poor. Modern microcredit is generally considered to have originated with the Grameen Bank founded in Ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Hatch (development Specialist)
Dr. John Keith Hatch (born November 7, 1940) is an American economic development expert and a pioneer in modern-day microfinance. He is the founder of FINCA International and the Rural Development Services (RDS), and is famous for innovating village banking, arguably the world’s most widely imitated microfinance methodology. Childhood and Family Hatch was born in 1940 in Pullman, Washington. His father, a college professor, could trace his ancestors back 14 generations to the first Pilgrim baby born in the New World. His mother, born in Costa Rica, had ancestors which included an authentic conquistador, a railway-builder, and a co-founder of Pan American World Airlines Education and early career After high school in Massachusetts and a BA in History from Johns Hopkins University, in July 1962 Hatch joined the Peace Corps for a 2-year tour of duty in Colombia. Trained as a "community development" volunteer, he was assigned to a semi-urban barrio known as Hoyo Sapo ("Frog Hole") ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FINCA Uganda Limited
FINCA Uganda Limited, also known as FINCA Uganda, is a microfinance deposit-accepting institution (MDI) in Uganda. It is licensed and regulated by the Bank of Uganda, the central bank and national banking regulator. Location The headquarters of FINCA Uganda Limited are located at Plot 11B Acacia Avenue in Kampala Central Division, one of the five administrative divisions of the city of Kampala, Uganda's capital and largest city, about north of the city centre. The coordinates of the company headquarters are 00°20'07.0"N, 32°35'16.0"E (Latitude:0.335278; Longitude:32.587778). Overview FINCA Uganda was licensed as an MDI in 2004, although the institution has been in the country since 1992. FINCA provides financial services to Uganda's lowest-income entrepreneurs with the aim of alleviating poverty through lasting solutions that help people to create jobs, build assets, and improve their standard of living. As an MDI, FINCA Uganda is a Tier III Financial Institution. It is there ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Murabaha
''Murabaḥah'', ''murabaḥa'', or ''murâbaḥah'' ( ar, مرابحة, derived from ''ribh'' ar, ربح, meaning profit) was originally a term of ''fiqh'' (Islamic jurisprudence) for a sales contract where the buyer and seller agree on the markup (profit) or "cost-plus" price for the item(s) being sold. In recent decades it has become a term for a very common form of Islamic (i.e., "shariah compliant") financing, where the price is marked up in exchange for allowing the buyer to pay over time—for example with monthly payments (a contract with deferred payment being known as ''bai-muajjal''). ''Murabaha'' financing is similar to a rent-to-own arrangement in the non-Muslim world, with the intermediary (e.g., the lending bank) retaining ownership of the item being sold until the loan is paid in full. There are also Islamic investment funds and ''sukuk'' (Islamic bonds) that use ''murabahah'' contracts. Jamaldeen, ''Islamic Finance For Dummies'', 2012:188-9, 220-1 The purpose o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Egypt
Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia via a land bridge formed by the Sinai Peninsula. It is bordered by the Mediterranean Sea to the north, the Gaza Strip of Palestine and Israel to the northeast, the Red Sea to the east, Sudan to the south, and Libya to the west. The Gulf of Aqaba in the northeast separates Egypt from Jordan and Saudi Arabia. Cairo is the capital and largest city of Egypt, while Alexandria, the second-largest city, is an important industrial and tourist hub at the Mediterranean coast. At approximately 100 million inhabitants, Egypt is the 14th-most populated country in the world. Egypt has one of the longest histories of any country, tracing its heritage along the Nile Delta back to the 6th–4th millennia BCE. Considered a cradle of civilisation, Ancient Egypt saw some of the earliest developments of writing, agriculture, ur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cairo
Cairo ( ; ar, القاهرة, al-Qāhirah, ) is the capital of Egypt and its largest city, home to 10 million people. It is also part of the largest urban agglomeration in Africa, the Arab world and the Middle East: The Greater Cairo metropolitan area, with a population of 21.9 million, is the 12th-largest in the world by population. Cairo is associated with ancient Egypt, as the Giza pyramid complex and the ancient cities of Memphis and Heliopolis are located in its geographical area. Located near the Nile Delta, the city first developed as Fustat, a settlement founded after the Muslim conquest of Egypt in 640 next to an existing ancient Roman fortress, Babylon. Under the Fatimid dynasty a new city, ''al-Qāhirah'', was founded nearby in 969. It later superseded Fustat as the main urban centre during the Ayyubid and Mamluk periods (12th–16th centuries). Cairo has long been a centre of the region's political and cultural life, and is titled "the city of a thousand m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al-Azhar University
, image = جامعة_الأزهر_بالقاهرة.jpg , image_size = 250 , caption = Al-Azhar University portal , motto = , established = *970/972 first foundation: fatimid era *1961 – university status , type = Public , endowment = , president = Dr. Mohamed Hussin , head_label = , head = , students = , undergrad = , postgrad = , doctoral = , address = , city = Cairo , country = Egypt , campus = Urban , religious_affiliation = Sunni Islam (always - Ash'aari, Maturridi.) , calendar = , faculty = , divinity = , profess = , coordinates = , affiliations = , logo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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