What is microfinance? Microfinance is the provision of financial services to low-income people. It alludes to a development that imagines a world where low-income households have permanent access to amazing and reasonable financial services to fund wage delivering practises, build assets, settle utilization, and secure against dangers. At first the term was nearly connected with microcredit - little credits to unsalaried borrowers with next to zero insurance - yet the term has since developed to incorporate a scope of monetary items, for example, funds, protection, instalments, and settlements. Microfinance establishments and other financial service providers have worked over the previous decades to create items and conveyance techniques
The actual genuine value of conducting business that inspires creativity, further cooperation and facilitates efficiency. Balancing people needs and long-term economic development as well as sustainable marketing these aspects lead to strength and faith in companies while they make use of less resources and funds. On an operational basis, sustainable marketing aims at making use of social evolution and customer behavior. This results to the achievements of long-established profit options. Finally, it is meant to provide services and goods through the management that is done in a responsible way.
Vision,purpose,mission,strategy,goal 1.Mission Mission specifies why you are in the business you are and what you are doing in the moment. “A mission describes the organization’s basic function in society, in terms of the products and services it produces for its customers”. A specific business mission for your organization should be consisted of the following elements: Mission statement The business mission statement should be a clear and concise representation of the institution's purpose for existence, consisted of socially substantial and quantitative criteria including elements such as the public image ,moral/ethical position of the enterprise, the target market, the geographic domain, products/services and expectations of growth and
The purpose “...captures people’s idealistic motivations for why the organization exists” (Daft, 1999). The mission statements of most companies say much more about the enterprise’s present business scope and purpose, “who we are, what we do, and why we are here.” A company’s mission defines the segment of customers the company seeks to satisfy, the market segment it seeks to serve, and the resources deployed to achieve the purpose (Thompson et al., 2005). If a company’s mission is to have any managerial value, or reveal anything useful about its business, it must direct attention to the particular market segment in which it operates; the buyer needs it seeks to satisfy, the customer groups, the market segment it is trying to serve and the types of resources it is deploying to please this group of customers. An effectively worded mission statement typically describes the company’s present business scope and purpose. Very few mission statements are forward looking in content or
The business sector has depended mainly on short-term financing such as overdrafts to finance even long-term capital. Based on the maturity matching concept, such financing is risky. All such firms need to raise an proper mix of short- and long-term capital (Demirguc-Kunt& Levine 1996). The Nigeria economy has been seriously affected with a lot of socio-economic and political dissatisfaction to economic growth. Capital market serves as veritable channels to mobilize both domestic and foreign savings for the developmental purpose.
This study will attempt to observe the contribution of microfinance as a tool to empower women by which women have an important role on economic development. This study will also observe and determine the roles of microfinance in women empowerment in a selected Barangay in Bocaue,
Each element seemed to be centered around the vast interest of its stakeholders. The company’s mission statement visibly explains the reason why the company exists. Its vision statement gave stakeholders’ understanding of where the company was heading. And finally, the values and goals represented the company’s commitments and moral compass. The few changes that were recommended, were minor adjustments intended to enhance the impact of each
Economic variables in Nigeria are changing, the economy is looking up and appears the polity is stable. It is in the light of these submissions and economic trend that more research should be done to ascertain the effect of capital market development on economic growth in Nigeria. RESEARCH OBJECTIVES In view of varying conclusions above, the broad objective of this study is to evaluate the impact of the Nigeria Capital Market on economic development in Nigeria from year 2000 to 2015 by using additional variables that previous work did not use . The specific objectives are as detailed below : I. To examine the role and development in the Nigerian capital market.
The bank faces conflict from the traditional money-lenders, the commercial banks which claim that the scheme is too small to create the economic growth necessary in Bangladesh, and from the Muslims who see the scheme emancipating women in the villages. The bank fulfils the ideals of Islamic thinking, but is attacked by established interest groups defending their interpretation of Islamic
Along with 3 other pillars of development-democracy, education and infrastructures-Microfinance is increasingly considered a key instrument in implementing effective and sustainable strategies in the fight against poverty, Jacques Attali, President of Positive Planet. Microfinance is poorly understood and it remains unclear in some countries. The goal of this chapter is to introduce the topic of Microfinance and to identify the opportunities of Microfinance to poor people. 2.2 Definition of Microfinance Microfinance is a term to describe small loans given to low income individuals that are not included in the traditional banking system to help them work in productive activities or to develop their own small business. Microfinance industries