In an micro-credit program, such as the grameen bank two recent systematic reviews of microfinance have failed to find positive impacts from micro-lending (duvendack et al, 2011 stewart et al, 2012) our meta-analysis begins with all studies identified by either of these two systematic review. The nigeria association of chambers of commerce, industry, mines and agriculture(naccima) has applauded the federal government for initiating a 5 percent credit scheme for micro, small and medium.
Gurses (2009) conducted a study in turkey and mentioned that micro finance especially micro credit is a powerful tool to reduce poverty the author has mentioned that one fifth of the population of turkey was at risk. Micro-credit loans and skills training create jobs for women heads of families in siem reap province, cambodia over 3,300 microfinance institutions reached 133 million clients with a microloan in 2006 93 million of the clients were among the poorest when they took their first loan 85 percent of these poorest clients were women. The first partner lending institution benefiting from the on-lending and ta funds from this facility is opportunity micro credit romania who concluded the loan agreement in december 2006 the bank is in the process of including with further potential partner lending institutions.
To find more capital for micro-credit providers, this initiative proposes setting up a micro-fund in the new facility this would help finance the loan activities of micro-finance institutions which can also expect to draw in contributions from a range of investors and donors. Micro-credit is unique among development interventions: it can deliver social benefits on an ongoing, permanent basis and on a large scale however, some schools of thought remain skeptical about the role of micro-credit in development.
Advantages and disadvantages of microfinance otherwise, clients may not be able to benefit from credit and risk being pushed into debt problems this sounds obvious, but microcredit is viewed by some as one size fits all instead, microcredit should be carefully evaluated against. Literature review on small and medium enterprises’ access to credit 2011 1 literature review on small and medium enterprises’ access to credit and support in south africa prepared for national credit regulator (ncr) compiled by medium and micro-enterprises tcp tšhomisano credit programme.
Welcome to turkey msme finance facility is to help partner banks participating in the ebrd turkey msme lending programme introduce and/or further accelerate micro- small and medium sized enterprise (msme) lending techniques to the least economically developed regions of the country, thereby increasing access to finance by msme borrowers. The main advantage to micro financing is better loan repayment rates but a disadvantage is that the deal is too small for a lender to devote enough time, money and diligence to it. Micro- finance is one of the ways of building the capacities of the poor and devloping them to self- employment activities by providing financial services like credit, savings and insurance to provide micro-finance and other support services, mfis should be able to sustain themselves for a long period.