et

mikrokrediidiprojekt

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Terminological databases

EKI terminibaas Esterm

ID 723124 Last modified 30.12.2004
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Domain Financial Affairs - Taxation & CustomsEconomics
  • micro credit; micro-entreprise credit - the term micro-credit, or micro-entreprise lending, generally refers to unsecured loans to very small business operated by people of limited means who are unable to qualify for credit from traditional financial institutions
  • microlending - the lending of small amounts of money to the poor and others unable to provide traditional security, esp. as part of a social programme intended to stimulate an improvement in living standards and to provide capital for self-employment
microcredit project
Usage examples
  • Community co-financing under this Regulation shall take the form of grants, including contributions to working capital for microcredit projects. In the case of microcredit projects co-financed with European NGOs which provide that the local partner in developing countries fully or partly constitute and administer working capital, the amount of mini-loans reimbursed by the final beneficiaries to the working capital may be used again for further mini-loans to other final beneficiaries.

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