What is the different between microcredit and microfinance?
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Microfinance and microcredit are basically synonyms.Microfinance consists of making small loans, usually less than $200, to individuals, usually women, to establish or expand a small, self-sustaining business.An equally important part of microfinance is the recycling of funds
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Accounting is money on paper.\nFinance is real money.
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they are loans for sme's small and medium enterprise
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You may find a tough time getting a loan from financial institutions with poor credit, even from SBA. SBA requires a number of factors to avail of their loans, and one of them is good credit history (see SBA Basic requirements http://www.sba.gov/financing/preparation/requirements.html )\n\nSince that is a small amount, your best course is to use a microlending facility. Microlenders, by their very name, provides loans of very small amounts often not exceeding $30K (and average loan amount is $10K). They typically do not require business plans unlike banks (and even SBA), but need your personal tax returns\n\nBut microlenders are no less strict than banks, and often asks the questions:\n\n- Is this a start-up or existing business? \n- How much money is needed, and for what purpose are the funds intended? \n- Who is included in the management team, and what is their experience? \n- What collateral is available? \n- How much have you already invested or are you willing to invest? \n\nTalk to them and find out if a microlender is right for you. See a list of state by state SBA accredited microlenders here\n\nOtherwise, if microlenders look for collateral and you really can't provide any, my advice is to simply use your credit card. Credit card requires no collaterals - but only after trying to get a loan from your parents, family and friends and couldnt get any. Credit cards are an expensive source of funds, but if you have no other recourse, then max out your cards (if you have any left)
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I invite you to check out the All Solutions Network website (at the sources bellow). There, you can access all kinds of information on different kinds of services. Also, what kind of loan are you talking about? Check out the sources I provide to you, and you might find something that may interest you...GOOD LUCK!
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With mine the loan interest is next to nothing, much cheaper. It's also much easier to obtain a loan in the first place with credit union.
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To be honest, there isn't much difference between them.\n\nBoth are reputable, reliable companies. \n\nI use a combination of both here at work.\n\nHope this helps!
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Retail Banking is typical mass-market banking where individual customers use local branches of larger commercial banks. Services offered include: savings and checking accounts, mortgages, personal loans, debit cards, credit cards, and so forth.\n\nWholesale Banking is banking services between merchant banks and other financial institutions.
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The economics of the process by which individuals and organisations contribute to this shared service and information resource might be termed micro-investment. The phrase micro-investment refers to the visitor's commitment of small amounts of time and energy in making contributions to the web portal. Micro-investment also aptly summarizes some of the prime motivators for collaboration.
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Neither one is better than the other.  Each product has their own characteristics and each personal has their own individual needs.  NEVER listen to anyone who tells you to only buy either one or the other.  Most people will carry a mix of both.  The best thing a person can do is consult with a financial professional and have a needs analysis done.
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Retail banking refers to basic, consumer-based banking relationships; i.e. checking, savings accounts, credit cards, etc.\n\nThis is different from commercial banking, which is more targeted to mergers/acquisition, capital funding, mezzanine capital, etc.\n\nMost banks (i.e. Bank of Maerica, Wachovia, Wells Fargo, etc) offer some of both.
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Soft Loan or soft financing\n1. A loan with a below-market rate of interest. \n\n2. Loans made by multinational development banks and the World Bank to developing countries. Typically, soft loans have extended grace periods in which only interest or service charges are due, in addition to offering longer amortization schedules and lower interest rates than conventional bank loans.
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A Charity (non-profit) holds benefits. \nA Business (for-profit) has sales.\nA for-profit business can have a charity event to raise money for a charity.
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no! using both banks is always slower than having only one bank in use. this is due to the bank enabling the processor has to do for every access.
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micro and mini enterprises?
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Development Banking in India \nPriority Sector in India characterised by\nLow capitalisation and limited assets\nGeographical diversity and high mortality\nPoor access to capital markets\nNon accessibility to credit history\nCash intensity in transactions\nCyclical fund requirement and high commodity risk\nInformal sector and uncorporatised\nHigh dependence on Govt. support/ subsidies\nPoor financial disclosure on account of tax issues\nHigh risk perception has led to high borrowing costs\n\n\nICICI Group - Development framework\nProduct lead approach for each sector\nSmall and Medium Enterprise (SME)\nAgriculture and Micro Finance\nCommunity Banking\nInternet and Electronic Banking\nProduct and delivery technology dependent\nBranch remote approach\nCentral processing centres enable optimum monitoring\n\n\nSME - Strategic framework\nSME - Service & Delivery\nOnline Products\nAgri - Micro-credit initiatives\nInnovative structure for micro-credit in rural areas \nOvercome the reach problem\nLower administration costs \nChannels for delivering micro-credit\nSugar companies \nSeed producers \nInput companies\nNGOs and micro credit institutions\n\n\n\n\nAgri - Farmer Service Centres (FSCs)\nFSC provides one stop solution to the farmer\nAgri extension support\nInputs and other services\nCredit\nMarket linkage\nRural infrastructure\nThese FSCs are promoted by Agri Input suppliers , and avoids duplication of efforts by different players\n\nSmart card solution for FSCs \nSmart Cards … An alternative\nDifficulty in rural banking\nManagement of Cash\nCost of idle cash\nCost of cash handling infrastructure\nGeographical spreads\nSolutions through\nElimination/ reduction of cash handling\nInnovation of low cost delivery channels\nSmart Card - an ideal vehicle \nSmart Cards at ICICI\nSmart Cards launched in October 2000\nInfosys Campus in Bangalore\nManipal Academy of Higher Education (MAHE)\nNew Initiatives \nSatyam Smart Card\nHPCL Petro Card \nWork on multiple application card  - Debit, Credit, E-Purse and Loyalty\n\n\nSocial Initiatives - ICICIcommunities\nGive Online: On-line donation channel\nRetail donors can donate to specific initiatives across India \n100% of donations reach the initiative\nPrompt feedback on utilisation of grant\nRs. 11.5 million towards Gujarat Earthquake\nShop the Cause: On-line shopping mall\nOver 100 exquisite hand crafted products available\nThe only facility of its kind available to \nnon-profits in India \nInnovations in Delivery Channels\nSustainable Access for Rural India (SARI) project\nPartners: MIT Media Labs, Harvard University, IIT-Chennai, I-Gyan, DHAN Foundation, ICICI Ltd\nProviding reliable Internet access through Kiosks in rural Madurai using corDECT WiLL\n100 kiosks managed by entrepreneurs to be set-up\nProviding e-governance, communication and information services \nPossibility of delivering banking services through Internet kiosks being explored\n\nInternet Banking\nFirst Bank in India to launch website - 1996\nFirst Bank in India to launch Internet Banking - 1997\nFirst Bank in India to launch online bill payment-1999\nOnly Bank in India with million online customers\nMonthly average transactions per online customer- 7\n\nInternet Banking - Statistics\n117% increase in transaction volume since April 2001\nMore than 1 million contacts in February 2002\nCoverage across 100 locations in the country\n103% increase in internet banking registrants since April ‘01\n84% increase in transactions since April ‘01\n\n\nChannel Usage\nRetail Initiatives - Utility Payments\nFirst bank to introduce this service in India\nTie-ups with 50 utilities for online payments\nTalks with state governments/ municipalities to facilitate e-governance \nAP Govt. initiative  - eSevaonline\nVizag Municipality  - Saukaryam\n\ne-banking related laws\ne-banking governed by:\nInformation Technology (IT) Act, 2000\nInternet Banking guidelines of the Central Bank\nIndia is the 2nd country in Asia to initiate technology
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A mutual fund is something individuals and money managers buy to invest their money.\n\nInvestment banking is class of services provided by banks and large financial institutions primarily to corporations.\n\nThese aren't the same type of thing and cannot be compared in any way.