What's Microfinance?

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작성자 Don 댓글 0건 조회 5회 작성일 23-11-23 11:14

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The Working Capital Fund (CEP), a part of the Vietnam Microfinance Working Group, has adopted the worldwide standards associated to financial reporting, accounting policies and credit score administration, increasing transparency to assist the working poor self-employment. For example one in all its policies is to allow a 3 million. This replaces the previous policy of borrowing a second round of two million with an 18-month mortgage period and curiosity payment every month. The 3 million loan duration is 24 months and the 5 million mortgage duration is 36 months. Mortgage inside the primary 1 million ought to be repaid in 12 months and the month-to-month amortization of principal is stored intact.

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