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From the Editors
01.12.1996
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From the Editor
01.09.1999
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From the Editors
01.09.1996
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Self-help groups – some issues from India
01.06.1996
In India, as in other parts of the world, the banking community is discovering that it can extend its services to the rural poor by lending to self-help groups (SHGs). By providing single, larger loans, and relying on the group, or NGOs, to monitor the on-lending of micro-loans, the bank's transaction charges are reduced, making the whole operation potentially profitable. This article comments on this new phenomenon, pointing to the advantages of these methods as well as the pitfalls that may be encountered. -
From the Editor
01.06.1996
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From the Editor
01.03.1996
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From the Editor
01.12.1995
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From the Editor
01.06.1995
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From the Editor
01.03.1995
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Musharaka partnership financing – an approach to venture capital for microenterprise
01.12.1994
The charging of interest on loans to small businesses is condemned under Islam, but in many Muslim countries alternative financing schemes have arisen. Musharaka is a form of partnership financing not very far in principle from venture capital, and it has been used in the Sudan to finance small businesses and even microenterprises. In situations where there is trust and understanding between bank staff and the local business community musharaka often provides reasonable returns for the investment of both parties, and an option that can lead to self-sustainable banking.