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Women's Development Bank
The Women's Development Bank ( Spanish: ''Banco Nacional de la Mujer'' or ''Banmujer''), was established in Venezuela in 2001 to remedy the political, economic, and social disadvantages faced by women. The Bank offers both financial and non-financial services to women. The first President was Nora Castañeda. Financial services The bank provides small, low-interest loans, known as micro-credit loans, ranging from 500,000 to 1,000,000 bolívares (500 to 1000 bolívares fuertes, US$260 to $520) per woman, for the establishment of business ventures. Loans are not granted to individuals, but rather to groups of five to ten women. In this manner, the bank is ideologically aligned with President Hugo Chávez, by promoting community solidarity over individualism, which is associated with capitalism. The bank has provided over 40,000 such loans since its establishment. The bank also offers financial advice to women, and serves as a consultant in the formation and development of bu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nora Castañeda
Nora Castañeda (12 June 1942 – 16 May 2015) was a Venezuelan economist and activist who was President of the Women's Development Bank from 2001 to 2015. Biography She was born and raised by her mother as one of six children; her father placed them in the care of a relative after her mother had first become pregnant. Castañeda joined the Socialist League (Venezuela), Socialist League in the 1970s. After marrying Jesus Rivero, she moved to Nicaragua and joined the Sandinista National Liberation Front during the later stages of the Nicaraguan Revolution. After the Sandinistas came to power in the early 1980s, she returned to Venezuela, joining the working class women’s movement. Throughout the 1990s, Castañeda became an advisor to and ally of Hugo Chávez. Her contributions to the policies during the 1999 Constituent National Assembly included women homemakers' rights to social security, as well as female pronouns being included in the Constitution of Venezuela. After her ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bolivarian Revolution
The Bolivarian Revolution is a political process in Venezuela that was led by Venezuelan President Hugo Chávez, the founder of the Fifth Republic Movement and later the United Socialist Party of Venezuela (PSUV). The Bolivarian Revolution is named after Simón Bolívar, an early 19th-century Venezuelan revolutionary leader, prominent in the Spanish American wars of independence in achieving the independence of most of northern South America from Spanish rule. According to Chávez and other supporters, the Bolivarian Revolution seeks to build an inter-American coalition to implement Bolivarianism, nationalism and a state-led economy. On his 57th birthday, while announcing that he was being treated for cancer, Chávez announced that he had changed the slogan of the Bolivarian Revolution from "Motherland, socialism, or death" to "Motherland and socialism. We will live, and we will come out victorious." As of 2018, the vast majority of mayoral and gubernatorial offices are he ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2001 Establishments In Venezuela
1 (one, unit, unity) is a number representing a single or the only entity. 1 is also a numerical digit and represents a single unit of counting or measurement. For example, a line segment of ''unit length'' is a line segment of length 1. In conventions of sign where zero is considered neither positive nor negative, 1 is the first and smallest positive integer. It is also sometimes considered the first of the infinite sequence of natural numbers, followed by 2, although by other definitions 1 is the second natural number, following 0. The fundamental mathematical property of 1 is to be a multiplicative identity, meaning that any number multiplied by 1 equals the same number. Most if not all properties of 1 can be deduced from this. In advanced mathematics, a multiplicative identity is often denoted 1, even if it is not a number. 1 is by convention not considered a prime number; this was not universally accepted until the mid-20th century. Additionally, 1 is the s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Organizations For Women In Business
An organization or organisation (Commonwealth English; see spelling differences), is an entity—such as a company, an institution, or an association—comprising one or more people and having a particular purpose. The word is derived from the Greek word ''organon'', which means tool or instrument, musical instrument, and organ. Types There are a variety of legal types of organizations, including corporations, governments, non-governmental organizations, political organizations, international organizations, armed forces, charities, not-for-profit corporations, partnerships, cooperatives, and educational institutions, etc. A hybrid organization is a body that operates in both the public sector and the private sector simultaneously, fulfilling public duties and developing commercial market activities. A voluntary association is an organization consisting of volunteers. Such organizations may be able to operate without legal formalities, depending on jurisdiction, includi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Venezuela
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Organizations Established In 2001
An organization or organisation (Commonwealth English; see spelling differences), is an entity—such as a company, an institution, or an association—comprising one or more people and having a particular purpose. The word is derived from the Greek word ''organon'', which means tool or instrument, musical instrument, and organ. Types There are a variety of legal types of organizations, including corporations, governments, non-governmental organizations, political organizations, international organizations, armed forces, charities, not-for-profit corporations, partnerships, cooperatives, and educational institutions, etc. A hybrid organization is a body that operates in both the public sector and the private sector simultaneously, fulfilling public duties and developing commercial market activities. A voluntary association is an organization consisting of volunteers. Such organizations may be able to operate without legal formalities, depending on jurisdiction, includ ... [...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] |
Economy Of Venezuela
The economy of Venezuela is based primarily on petroleum, making the country the 25th largest producer of oil in the world and the 8th largest member of OPEC. Venezuela also manufactures and exports heavy industry products such as steel, aluminum, and cement. Other notable manufacturing includes electronics and automobiles as well as beverages and foodstuffs. Agriculture in Venezuela accounts for approximately 4.7% of GDP, 7.3% of the labor force and at least one-fourth of Venezuela's land area. Venezuela exports rice, corn, fish, tropical fruit, coffee, pork and beef. Venezuela has an estimated United States dollar, USD$14.3 trillion worth of natural resources and is not self-sufficient in most areas of agriculture. Exports accounted for 16.7% of GDP and petroleum products accounted for about 95% of those exports. Since the 1920s, Venezuela has been a rentier state, offering oil as its main export. From the 1950s to the early 1980s, the Venezuelan economy experienced a steady ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Policy Of The Hugo Chávez Government
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Howev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mission Robinson
Mission Robinson is one of the Bolivarian Missions (a series of anti-poverty and social welfare programs) implemented by Hugo Chávez in 2003. Name The name "Robinson" was given to the Mission in remembrance of the Venezuelan philosopher and educator Simón Rodríguez because he adopted the pseudonym Samuel Robinson during his exile from Spanish America. History On May 23 2003, the government implemented a pilot plan in the Capital District and the states of Vargas, Miranda and Aragua. The government considered the pilot a success and followed with Mission Robinson I, a nationwide literacy program, on July 1st. On September 15 2003, Mission Robinson II was created to continue the education to sixth grade for the first mission's graduates. The program uses volunteers to teach reading, writing, and arithmetic to Venezuelan adults who are illiterate. The program is military-civilian in nature, and sends soldiers to, among other places, remote and dangerous locales in order t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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