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Essay

Islamic Micro Finance

Essay specific features

 

Issue:

Business

 

Written by:

Francis M

 

Date added:

August 23, 2015

 

Level:

 

Grade:

A

 

No of pages / words:

3 / 797

 

Was viewed:

4247 times

 

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Essay content:

Micro-finance, though often criticized for charging high interest rates to its rather poor clients, has demonstrated successes as a finance tool in helping to reduce poverty and to encourage economic growth in often neglected, rural areas. Indeed, these organizations have justified their fee structure through various models...
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Indeed, these organizations have justified their fee structure through various models. For example, Grameen Bank treats its borrowers as shareholders while BRAC (Bangladesh Rural Advancement Committee) asserts that its fees are part of a service charge for providing services such as monitoring, supervision, advice and insurance...
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General issues of this essay:
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