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Islamic Micro Finance
Essay specific features
Written by:
Francis M
Date added:
August 23, 2015
Level:
Grade:
A
No of pages / words:
3 / 797
Was viewed:
4252 times
Rating of current essay:
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...
displayed 300 characters
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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...
displayed 300 characters
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