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PRODID:-//University of Illinois//Web Services Calendar//EN
VERSION:2.0
CALSCALE:GREGORIAN
BEGIN:VEVENT
DTSTAMP:20120214T140605Z
DTSTART;TZID=America/Chicago:20091107T110000
DTEND;TZID=America/Chicago:20091107T140000
SUMMARY:Micro-Loans. Macro-Impact. KIVA loans that change lives
CREATED:20091103T140000Z
DESCRIPTION:Microfinance is an emerging trend that is reshaping the way w
 e bring change to the third world.  Microfinance is the provision of fin
 ancial services to poor or low-income clients with the purpose of reduci
 ng poverty and allowing for the sustainability of business practices in 
 third world communities.  Most of these services consist of small loans\
 , but also included are savings\, insurance\, and fund transfers.   Micr
 oloans are not a charity\; all loan recipients are required to repay the
 ir loans as well as interest.  This empowers entrepreneurs by giving the
 m full financial responsibility for their businesses.  With an average l
 oan repayment rate of 98%\, microfinance is a proven method of achieving
  sustainable business practices and reducing poverty.
LAST-MODIFIED:20091103T140000Z
LOCATION:ARC Multipurpose Room 7
CATEGORIES:Other
ORGANIZER:allison2@illinois.edu
URL:http://illinois.edu/calendar/detail/1051?key=2000010120000101147195
UID:147195@illinois.edu
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