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Community Banking Models
Community banking is a non-traditional form of money-lending. Unlike banks or other classic lending institutions, the funds that community banks lend to borrowers are gathered by the local community itself. This tends to mean that the individuals in a neighborhood or group have more control over who is receiving the capital and how that capital is being spent. This practice has existed in some form for centuries; in ancient Egypt, for example, when grain was often used as currency, local granaries would store and distribute the community’s food supply. Since that time, a variety of community banking models have evolved. Overview Community banking is a form of empowerment-based economics which falls under the larger umbrella of micro-finance. Micro-finance as a whole is focused on the entrepreneurship of individuals, generally with a goal of lifting low-income or disadvantaged groups out of poverty and providing the means for them to prosper. A very successful example of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transparency (behavior)
As an ethic that spans science, engineering, business, and the humanities, transparency is operating in such a way that it is easy for others to see what actions are performed. Transparency implies openness, communication, and accountability. Transparency is practiced in companies, organizations, administrations, and communities. For example, in a business relation, fees are clarified at the outset by a transparent agent, so there are no surprises later. This is opposed to keeping this information hidden which is "non-transparent". A practical example of transparency is also when a cashier makes changes after a point of sale; they offer a transaction record of the items purchased (e.g., a receipt) as well as counting out the customer's change. In information security, transparency means keeping the arcane, underlying mechanisms hidden so as not to obstruct intended function—an almost opposite sense. It principally refers to security mechanisms that are intentionally undetect ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Community Banking
A community is a social unit (a group of living things) with commonality such as place, norms, religion, values, customs, or identity. Communities may share a sense of place situated in a given geographical area (e.g. a country, village, town, or neighbourhood) or in virtual space through communication platforms. Durable good relations that extend beyond immediate genealogical ties also define a sense of community, important to their identity, practice, and roles in social institutions such as family, home, work, government, society, or humanity at large. Although communities are usually small relative to personal social ties, "community" may also refer to large group affiliations such as national communities, international communities, and virtual communities. The English-language word "community" derives from the Old French ''comuneté'' ( Modern French: ''communauté''), which comes from the Latin '' communitas'' "community", "public spirit" (from Latin ''commun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangladesh
Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the List of countries and dependencies by population, eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the List of countries and dependencies by population density, most densely populated countries in the world, and shares land borders with India to the west, north, and east, and Myanmar to the southeast; to the south it has a coastline along the Bay of Bengal. It is narrowly separated from Bhutan and Nepal by the Siliguri Corridor; and from China by the Indian state of Sikkim in the north. Dhaka, the capital and list of cities and towns in Bangladesh, largest city, is the nation's political, financial and cultural centre. Chittagong, the second-largest city, is the busiest port on the Bay of Bengal. The official language is Bengali language, Bengali, one of the easternmost branches of the Indo-Europe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debt
Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. The debt may be owed by sovereign state or country, local government, company, or an individual. Commercial debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. Loans, bonds, notes, and mortgages are all types of debt. In financial accounting, debt is a type of financial transaction, as distinct from equity. The term can also be used metaphorically to cover moral obligations and other interactions not based on a monetary value. For example, in Western cultures, a person who has been helped by a second person is sometimes said to owe a "debt of gratitude" to the second person. Etymology The English term "debt" was first used in the late 13th century. The term "debt" com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Freedom From Hunger
Freedom from Hunger (established in 1946, and now part of the Grameen Foundation) is an international development organization working in nineteen different countries. Rather than provide food aid, Freedom from Hunger focuses on providing small loans and business education to poor women. It is a nonprofit, nongovernmental, nonsectarian organization classified by the IRS as a 501(c)(3) charity. It was evaluated in 2011 by GiveWell who found their programs had little to no lasting impact. History First known as Meals for Millions, the organization that developed and introduced Multi-Purpose Food, a high-protein powdered food supplement is used today in relief efforts around the world. In the 1970s, Freedom from Hunger began implementing Applied Nutrition Programs, focusing on the health and nutrition of mothers and children. In 1988, Freedom from Hunger developed the world's first integrated microcredit health and nutrition education program. As of December 2009, 1,304,802 women we ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Niger
) , official_languages = , languages_type = National languagesRépublique du Niger, "Loi n° 2001-037 du 31 décembre 2001 fixant les modalités de promotion et de développement des langues nationales." L'aménagement linguistique dans le monde (accessed 21 September 2016) , languages = , religion_ref = , religion_year = 2012 , religion = , demonym = Nigerien , capital = Niamey , coordinates = , largest_city = Niamey , government_type = Unitary state, Unitary Semi-presidential s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ecuador
Ecuador ( ; ; Quechuan languages, Quechua: ''Ikwayur''; Shuar language, Shuar: ''Ecuador'' or ''Ekuatur''), officially the Republic of Ecuador ( es, República del Ecuador, which literally translates as "Republic of the Equator"; Quechuan languages, Quechua: ''Ikwadur Ripuwlika''; Shuar language, Shuar: ''Ekuatur Nunka''), is a country in northwestern South America, bordered by Colombia on the north, Peru on the east and south, and the Pacific Ocean on the west. Ecuador also includes the Galápagos Islands in the Pacific, about west of the mainland. The country's Capital city, capital and largest city is Quito. The territories of modern-day Ecuador were once home to a variety of Indigenous peoples in Ecuador, Indigenous groups that were gradually incorporated into the Inca Empire during the 15th century. The territory was Spanish colonization of the Americas, colonized by Spain during the 16th century, achieving independence in 1820 as part of Gran Colombia, from which it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peace Corps
The Peace Corps is an independent agency and program of the United States government that trains and deploys volunteers to provide international development assistance. It was established in March 1961 by an executive order of President John F. Kennedy Executive Order 10924 and authorized by Congress the following September by the Peace Corps Act. Kennedy first publicly proposed the Peace Corps during his 1960 presidential campaign as a means to improve America's global image and leadership in the Cold War; he cited the Soviet Union's deployment of skilled citizens "abroad in the service of world communism" and argued the U.S. must do the same to advance values such as democracy and liberty. The Peace Corps was formally established within three months of Kennedy's presidency, garnering both bipartisan congressional support and popular support, particularly among recent university graduates. The official goal of the Peace Corps is to assist developing countries by providin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Community Banks
A community bank is a depository institution that is typically locally owned and operated. Community banks tend to focus on the needs of the businesses and families where the bank holds branches and offices. Lending decisions are made by people who understand the local needs of families, businesses and farmers. Employees often reside within the communities they serve. In the United States, community banks are not clearly defined. Most agencies base this term on aggregate assets size with varying definitions such as less than $1 billion (Office of the Comptroller of the Currency) up to less than $10 billion (Federal Reserve Board and Government Accountability Office). Beyond size (as measured by assets) The Federal Deposit Insurance Corporation (FDIC) imposes a number of additional requirements on institutions classified as community banks. From 1985 to 2004 community banks comprised roughly 94% of all commercial banks in the United States, but the proportion of total national depo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capacity Building
Capacity building (or capacity development, capacity strengthening) is the improvement in an individual's or organization's facility (or capability) "to produce, perform or deploy". The terms ''capacity building'' and ''capacity development'' have often been used interchangeably, although a publication by OECD-DAC stated in 2006 that ''capacity development'' was the preferable term. Since the 1950s, international organizations, governments, non-governmental organizations (NGOs) and communities use the concept of capacity building as part of "social and economic development" in national and subnational plans. The United Nations Development Programme defines itself by "capacity development" in the sense of "'how UNDP works" to fulfill its mission. The UN system applies it in almost every sector, including several of the Sustainable Development Goals to be achieved by 2030. For example, the Sustainable Development Goal 17 advocates for enhanced international support for capacity b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigeria
Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf of Guinea to the south in the Atlantic Ocean. It covers an area of , and with a population of over 225 million, it is the List of African countries by population, most populous country in Africa, and the List of countries and dependencies by population, world's sixth-most populous country. Nigeria borders Niger in Niger–Nigeria border, the north, Chad in Chad–Nigeria border, the northeast, Cameroon in Cameroon–Nigeria border, the east, and Benin in Benin–Nigeria border, the west. Nigeria is a Federation, federal republic comprising of States of Nigeria, 36 states and the Federal Capital Territory, Nigeria, Federal Capital Territory, where the capital, Abuja, is located. The List of Nigerian cities by population, largest city in Nigeria ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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