Microfinance notes - M icrofinance: Forbes top 50...

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Microfinance: Forbes top 50 microfinance institutions Addresses needs of millions of people Estimated 1 billion low income people who want access to financial services and loans o Potential for investment Us citizens invested far more in social responsible investments than in giving to charity Interest rates vary widely, from none to 100% o India is the biggest MFI location o Many countries do not have caps set for how much interest can be charged More MFs are issued to women GRI o Modeled after GAAP o World’s benchmark on measuring sustainability efforts o Not required o Key is transparency Fair Trade – tool for sustainable development and is a process, not an end result o Goal is to make the global economic system fair, promote sustainable trade, and avoid negative elements of free trade FT recognition o Certification o Fair Trade federation membership o “Fairly Traded,” look for characteristics of FT no legal standard for the use of the name fair trade
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This note was uploaded on 09/17/2011 for the course GBL 460 taught by Professor Stenzel during the Spring '11 term at Michigan State University.

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Microfinance notes - M icrofinance: Forbes top 50...

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