microfinance
DESCRIPTION
Smart microloan investmentsTRANSCRIPT
![Page 1: Microfinance](https://reader035.vdocument.in/reader035/viewer/2022070322/5590d8a11a28ab11768b45ee/html5/thumbnails/1.jpg)
True Life: Microfinance
Jessica Markwood
![Page 2: Microfinance](https://reader035.vdocument.in/reader035/viewer/2022070322/5590d8a11a28ab11768b45ee/html5/thumbnails/2.jpg)
What I’m Looking For in an MFI
Overtly Christian
Holistic (Microcredit +)
Reasonable Interest Rates
Responsible and Experienced
Transparent
![Page 3: Microfinance](https://reader035.vdocument.in/reader035/viewer/2022070322/5590d8a11a28ab11768b45ee/html5/thumbnails/3.jpg)
What I’m Looking For in a Borrower
Responsible female working in agriculture or food security
Pursuing work suitable to her environment
In a non-Christian environment
![Page 4: Microfinance](https://reader035.vdocument.in/reader035/viewer/2022070322/5590d8a11a28ab11768b45ee/html5/thumbnails/4.jpg)
Meet Marjana
• Albanian• 42• Married• Three children: 22, 15, 9
![Page 5: Microfinance](https://reader035.vdocument.in/reader035/viewer/2022070322/5590d8a11a28ab11768b45ee/html5/thumbnails/5.jpg)
The Loan
To Marjana via VisionFund Albania via Kiva
Amount: $1,875
Purpose: Potato and Onion seeds
Repayment Term: 14 months
Repayment Schedule: Monthly
Interest Rate: 30%
![Page 6: Microfinance](https://reader035.vdocument.in/reader035/viewer/2022070322/5590d8a11a28ab11768b45ee/html5/thumbnails/6.jpg)
Why Marjana?
Gender
Agricultural Focus
Location/Context
Loan Specifics
Family pursuing education
Preparation/Responsibility
![Page 7: Microfinance](https://reader035.vdocument.in/reader035/viewer/2022070322/5590d8a11a28ab11768b45ee/html5/thumbnails/7.jpg)
Why VisionFund Albania?• Christian organization: training, partnerships, & Bibles
• Emphasis on educational & agricultural solutions for women & children in poverty
• Loans go to the economically active poor
• Working with health, sanitation, education, food security, disaster response, child protection, & economic development
• Self-sufficient organization
• MFI offers savings, insurance, credit, health services, women’s empowerment services, “integration loans”
• “Client Voice” Rating
• Location/Context
![Page 8: Microfinance](https://reader035.vdocument.in/reader035/viewer/2022070322/5590d8a11a28ab11768b45ee/html5/thumbnails/8.jpg)
Why Kiva?
Experience with Kiva
Selective process not possible with specific MFI
![Page 9: Microfinance](https://reader035.vdocument.in/reader035/viewer/2022070322/5590d8a11a28ab11768b45ee/html5/thumbnails/9.jpg)
How I Made My DecisionKiva.org
Visionfund.org
Visionfund.al
VisionFund Albania’s Mix Market Profile
![Page 10: Microfinance](https://reader035.vdocument.in/reader035/viewer/2022070322/5590d8a11a28ab11768b45ee/html5/thumbnails/10.jpg)
Individual Benefits of the Loan
Subsistence Assistance
Marketplace Sales
Wholesales
Exports
![Page 11: Microfinance](https://reader035.vdocument.in/reader035/viewer/2022070322/5590d8a11a28ab11768b45ee/html5/thumbnails/11.jpg)
Indirect Benefits of the Loan
Marjana’s children
Female empowerment in the community
![Page 12: Microfinance](https://reader035.vdocument.in/reader035/viewer/2022070322/5590d8a11a28ab11768b45ee/html5/thumbnails/12.jpg)
Obstacles in Microfinance
Lack of experienced, reliable, or holistic Christian organizations
High Interest Rates
Lack of transparency
![Page 13: Microfinance](https://reader035.vdocument.in/reader035/viewer/2022070322/5590d8a11a28ab11768b45ee/html5/thumbnails/13.jpg)