Impact of Microfinance awareness in Kenya - 12633 Words

MICROFINANCE AWARENESS AND IMPACT IN KENYA: A CASE OF NAIROBI COUNTY Table of Contents CHAPTER ONE INTRODUCTION 1.1 Background of the Study The need for development that saw the Kenya develop several strategies and plans such as the vision 2030 and the millennium development goals has led to development of the finance sector. The need for financing of the development projects has developed microfinance institutions in the country. Microfinance has received a lot of attention since its inception in the early 1970s perhaps, as argued by Okiocredit (2005: 30-32), due to the ability of microfinance to enable poverty alleviation and economic development through provision of credit and savings services to those earning low†¦show more content†¦They are therefore able to access subsequent loans depending on successful repayment by all group members. These payments are usually made after a specific period of time, usually one week (Ledgerwood, 1999: 137). This model of micro financing is the most commonly used by banks. It has proven to be more effective in the long run as there are few loan defaulters as each member of the group is a guarantor of the other. Berenbach and Guzman (1994: 119-139) argues that, solidarity groups have proved effective in deterring defaults as evidenced by loan repayment rates attained by organizations. Village banking model are based on village banks which are normally community-managed. The banks are established and managed by credit and savings associations established by NGOs to provide access to financial services, build community self-help groups, and help members accumulate savings (Schreiner, 2003: 118–136). This is perhaps the oldest model of micro financing, considering their formation in the mid-1980s. Usually these village banks normally consist of 25 to 50 members who majorly low-income earning individuals are seeking to improve their lives through self-employment activities. In Kenya, the need for economic development has seen the development of micro finance institutions which in normal cases start as Chamas. Chamas are small groups of individuals, who come together, collect money in a poolShow MoreRelatedResearch proposal on impacts of microfinance in Kenya3125 Words   |  13 PagesMICROFINANCE AWARENESS AND IMPACT IN KENYA: A CASE OF NAIROBI COUNTY 1 Table of Contents CHAPTER ONE ............................................................................................................................................... 3 INTRODUCTION ............................................................................................................................................. 3 1.1 Background of the Study ................................................................Read MoreEvaluating The Effectiveness Of Credit Risk Management Tools Essay1565 Words   |  7 Pagesorganization and hence the need to hedge against such risk. 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The mostRead MoreImpacts of Microfinance on Grassroot Development a Case Study Uf the Ketu North District16020 Words   |  65 PagesCHARTED INSTITUTE OF FINANCIAL AND INVESTMENT ANALYST (CIFIA) ASSESSING THE IMPACT OF MICROFINANCE IN GRASSROOT DEVELOPMENT. BY PRAISE DAVIDSON AMU 1 DECLARATION I hereby declare that this piece of work is the outcome of my own research except for the references which served as a source of information which I have acknowledged. This work has therefore never been presented for another certificate, Diploma or Degree. I therefore fully accept all omissions and errors that might appear in this paperRead MoreSamasource Give Work Not Aid8822 Words   |  36 Pagesrepresents, in my mind, the biggest threat to global stability. — Leila Janah, CEO and founder, Samasource As she landed at the San Francisco International Airport, Leila Janah reflected on her most recent visit to Samasource’s delivery centers in Kenya. 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This is true in countries like India where there is a

The Patriot Act The Violation Of The Right Of People

Within weeks after September 11, 2001, the Patriot Act was passed in order to unify the nation and to deter future terrorist acts. Although the act was created with upright intentions to prevent future tragedies similar to that of September 11, its provisions clearly violate the United States Constitution, especially the Fourth, Fifth, and Sixth Amendments. The Patriot Act is a clear infringement of the right of people to not be searched and seized. Roving Wiretaps, Section 206, allows the government to acquire a warrant to tap any phone or computer of someone who is suspected to be a terrorist. Critics noted, however, that if the suspect comes into casual contact with someone who is innocent in terms of the acts, the privacy of the latter could be trespassed upon. This is a violation of the Fourth Amendment; the security and privacy of someone who is innocent would be infringed upon. Foreign Intelligence Wiretaps and Searches is a provision similar to that of the Roving Wiretap but for those who are suspected as foreign spies. Critics claimed that international spying and terrorism is too easily given as an excuse and has led to an excess of intelligence taps compared to the criminal taps. â€Å"Sneak and Peak† Warrants also comes in violation of the Fourth Amendment because the provision allows the FBI to search and investigate any home or business without prior warning to that of whom they would search and intrude upon, a clear violation of unreasonable search and seizure.Show MoreRelated America Needs the Patriot Act Essay example827 Words   |  4 PagesIs the Patriot Act Unconstitutional? The Patriot Act was introduced in 2001 after the September 11 attacks. The Patriot Acts purpose is to deter and punish terrorist acts in the United States and around the world. 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Due to the anthrax scare many Congressman did not have access to their offices. Attorney General John Ashcroft silenced any debate by warning that anyone who contested the Act would be

Aschenputtel free essay sample

Throughout history, story-tellers have told multiple stories about a girl in distress. Aschenputtel, written by the Brothers Grimm, is a fairytale that tells about a depressed girl who lives with her oblivious father and an evil stepfamily. Countless versions of this story has been retold all over the world; Cinderella is one of these stories. Disneys Cinderella and the Brothers Grimms Aschenputtel are two tales that are similar because they both possess a missing slipper, an evil stepfamily, and a damsel in distress. Cinderella and Aschenputtel include a girl who loses her slipper at a special gathering. Cinderella loses her magical glass slipper at a ball after having a splendid time with the handsome prince. The prince wants his love to be found, so he sends the Grand Duke around the land to get every girl to try on Cinderellas missing slipper. When the Grand Duke reaches Cinderellas home, he sees that Cinderellas foot fits perfectly in the glass slipper. We will write a custom essay sample on Aschenputtel or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Aschenputtel loses her fancy slipper on the third day of the feast after dancing with the prince. The Prince declares that he will marry the lady whose foot fits into the slipper because he wants to discover which girl he loves. Aschenputtel tries on the slipper, and it fits. These two fairy tales both contain a girl who loses her fancy slippers at an event, which leads to the prince discovering who he fell in love with. A wicked stepfamily is involved in both Cinderella and Aschenputtel. After Cinderellas father passes away, her stepfamily becomes more cruel, and jealous of Cinderellas beauty and personality. Cinderella turns into her stepfamilys servant; she is always following the orders of her stepmom and stepsisters. On the day of the ball, Cinderellas stepsisters ripped her magnificent dress, leaving it teared. Aschenputtels father is not dead, but her stepfamily certainly is evil. When Aschenputtels stepsisters moves in, they take away her attractive gowns, and give her wooden shoes, and an old tunic to wear. The heartless stepfamily forces Aschenputtel to do an abundant amount of work from morning to night. In both Cinderella and Aschenputtel, the cold-blooded stepfamilies tortures the damsels life after they move in, causing the damsel to be in distress. A damsel in distress is included in Cinderella and Aschenputtel. Cinderella is a damsel in distress most of the time because of her stepsisters and stepmom. The stepfamily forces Cinderella to become their servant; this puts Cinderella in agony. The stepsisters are always spoiled and loved by the stepmother, which makes Cinderella feel excluded from the family. Aschenputtel is also a damsel in distress most of the times because of the same reason: her vicious stepfamily. The stepsisters calls Aschenputtel hurtful names, such as stupid creature. There has always been a missing father figure in her life ever since the cruel stepfamily moved in; her father seems to be oblivious to what is going on. Cinderella and Aschenputtel are both damsels in distress because of how horribly their stepfamilies treat them. Missing slippers, malevolent stepfamilies, and damsels in distress are three factors that make Aschenputtel and Cinderella very much alike. Aschenputtel and Cinderella lose one fancy slipper, and have an evil stepfamily; these evil stepfamilies causes these damsels to become in distress. However, despite the maidens tough lives in Aschenputtel and Cinderella, they marry the admirable prince, and live happily ever after with him, just like the ending of any other fairytale. The two fairytales, Cinderella and Aschenputtel may be slightly different, but it has multiple similarities, which makes Cinderella a copy of Aschenputtel.