Microcredit Stocks List
Symbol | Grade | Name | % Change | |
---|---|---|---|---|
BBD | B | Banco Bradesco SA | 3.98 | |
BBDO | B | Banco Bradesco SA | 1.78 | |
AVAL | F | Grupo Aval Acciones y Valores S.A. ADR | 0.00 |
Related Industries: Banks - Regional - Latin America
Symbol | Grade | Name | Weight | |
---|---|---|---|---|
BRAZ | D | Global X Brazil Active ETF | 5.34 | |
EDIV | B | SPDR S&P Emerging Markets Dividend ETF | 3.47 | |
AVES | A | Avantis Emerging Markets Value ETF | 0.3 | |
SPEM | A | SPDR Index Shares Fund SPDR Portfolio Emerging Markets ETF | 0.18 | |
AVSE | A | Avantis Responsible Emerging Markets Equity ETF | 0.18 |
Compare ETFs
Date | Stock | Title |
---|---|---|
Oct 1 | AVAL | Grupo Aval: Still On The Right Track To Recover |
Sep 27 | BBD | Bradesco Q2: Good Trends, But There Is Still Room For Improvement! |
- Microcredit
This article is specific to small loans, often provided in a pooled manner. For direct payments to individuals for specific projects, see Micropatronage. For financial services to the poor, see Microfinance. For small payments, see Micropayment.Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment, or a verifiable credit history. It is designed to support entrepreneurship and alleviate poverty. Many recipients are illiterate, and therefore unable to complete paperwork required to get conventional loans. As of 2009 an estimated 74 million people held microloans that totaled US$38 billion. Grameen Bank reports that repayment success rates are between 95 and 98 percent.Microcredit is part of microfinance, which provides a wider range of financial services, especially savings accounts, to the poor. Modern microcredit is generally considered to have originated with the Grameen Bank founded in Bangladesh in 1983. Many traditional banks subsequently introduced microcredit despite initial misgivings. The United Nations declared 2005 the International Year of Microcredit. As of 2012, microcredit is widely used in developing countries and is presented as having "enormous potential as a tool for poverty alleviation." Microcredit is a tool that can be helpful to possibly reduce feminization of poverty in developing countries.
However, a skeptical approach is advisable when assessing the effectiveness of microcredit. Critics argue that microcredit has not had a positive impact on gender relationships, does not alleviate poverty, has led many borrowers into a debt trap and constitutes a "privatization of welfare".
The first randomized evaluation of microcredit, conducted by Esther Duflo and others, showed mixed results: there was no effect on household expenditure, gender equity, education or health, but the number of new businesses increased by one third compared to a control group.
Popular Now
Recent Comments
- LillyMilly1 on LILM
- LillyMilly1 on LILM
- TraderMike on RYDE what a RIDE!!! Holy Crap!
- Crunching_The_Market on RYDE what a RIDE!!! Holy Crap!
- LillyMilly1 on LILM
From the Blog
Featured Articles