http://www.nextbillion.net/activitycapsule/1155 Comments for "Hodeidah Micro Credit Program" en http://www.nextbillion.net/activitycapsule/1155 <div class="flexinode-body flexinode-6"><table class="actable" width="470px" cellpadding="5" cellspacing="0" border="0"> <tr><td class="actable-left" width="175px" valign="top"> <div class="flexinode-textfield-23"> <strong>Managing Organization: </strong> Hodeidah Micro Credit Program<br /><br /> </div> <div class="flexinode-textfield-38"> <strong>Activity URL: </strong> <dd><a href="http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/MENAEXT/EXTMNAREGTOPGENDER/0,,contentMDK:20018246~menuPK:493348~pagePK:340041" TARGET="_blank">http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/MENAEXT/EXTMNAREGTOPGENDER/0,,contentMDK:20018246~menuPK:493348~pagePK:340041</a></dd><br /><br /> </div> <td width="295px" valign="top" align="left"> <div class="flexinode-textarea-22"> <strong>Activity Description: </strong> Hodeidah Micro Credit Program is a Yemeni microfinance institution that uses Islamic financial services (IFS). The use of IFS expands Hodeidah's potential clientele, because many Yemenis feel reluctant to accept normal loans due to religious reasons. In particular, Hodeidah uses a methodology called Murabaha. Under this scheme, the 'lender' buys the good and then resells it to the 'borrower' at the cost of the good, plus a fixed markup for administration cost.<br class="clear" /></div> </td> </tr> </table> </div><p><a href="http://www.nextbillion.net/activitycapsule/1155">read more</a></p> http://www.nextbillion.net/activitycapsule/1155#comment Financial Services Activity Microfinance Activity Active Consumer Government Funded Non-profit Activity Philanthropy Funded Yemen North Africa and Near East Wed, 31 Aug 2005 10:43:42 -0400 admin 1155 at http://www.nextbillion.net