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finance institutions, the emphasis in development policy has shifted to (rural) financial systems development and the building … their own resources through savings - Have their loans repaid - Cover their costs from their operational income - Finance … their expansion from their profits. Three worlds of finance continue to exist, in which donors may intervene in very …
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Rajwa is a 50 years old widow in the area of Karak, with five children. Her husband died 10 years ago. In January 2000, she received a collateral-free loan of JD 2,100 (US$ 3,000) from the ACC/IFAD Income Diversification Project, repayable over 8 years. She bought 20 sheep, which have increased...
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