Matches in DBpedia 2014 for { <http://dbpedia.org/resource/Procredit_Group> ?p ?o. }
Showing items 1 to 28 of
28
with 100 items per page.
- Procredit_Group abstract "The Procredit Group consists of 21 banks operating in transition economies and developing countries in Eastern Europe, Latin America and Africa. ProCredit's core business is the provision of credit and other banking services to very small, small and medium-sized enterprises and lower and middle income savers who have previously had limited access to formal financial services. Their business model is based on a form of socially responsible banking that seeks to be transparent, efficient and profitable on a sustainable basis. The group claims to be committed to both social and commercial objectives. All 21 institutions are locally registered and most are regulated by the local banking supervisory agency - ProCredit Ghana operates as a savings and loan company, and ProCredit Mexico operates as a finance company while the banking licence application is being processed. All subsidiary banks are also integrated into a worldwide group in which ideas and experience are exchanged and synergies are exploited. All these institutions adhere to a common, group-wide set of ethical, environmental and professional standards.These features distinguish the ProCredit group from microfinance NGOs (non-governmental organisations). Lacking commercial criteria, such institutions tend not to be profitable and therefore not sustainable except through continued grants and donations. Their capacity for growth is typically limited, as so is their outreach. As a result, they usually remain quite small and localized.ProCredit banks focus on providing financing for small and especially very small businesses. As of Dec 31, 2010 and according to ProCredit's operational statistics, more than 82% of outstanding loans were for amounts of less than €10,000. The reason for this emphasis is that, according to ProCredit, small enterprises and family-run businesses are the most effective means of combating marginalization and poverty in the difficult economic environments. Such enterprises are supposed to be the engines of economic growth and thus provide much of the formal and informal employment in the countries of operation. The core business of small business finance offers a platform for the provision of numerous other financial services, the most important of which is deposit facilities. As of Dec 31, 2010, ProCredit's deposit liabilities were equivalent to 88.4% of their gross loan portfolio. Domestic and international payments, card services, small home improvement loans and e-banking are other services that have generated strong demand from clients and in turn prompted ProCredit to offer a wider range of services and to achieve a broader outreach.ProCredit banks view their mission as creating financial institutions for "ordinary people," similar to the historic role played in Germany by the savings banks (Sparkassen) and co-operative banks (Volksbanken). Therefor ProCredit refrain from issuing large-scale loans, promoting consumer lending, and from engaging in speculative activities. By maintaining simple, highly transparent and sustainable operations, the banks seek to build trust among ordinary people, creating confidence in institutions and in the local banking sector. ProCredit banks are typically seen as friendly and professional trendsetters in transparent and prudent banking.The ProCredit group is led by ProCredit Holding AG, a holding company based in Frankfurt am Main, Germany. Founded in 1998 as "Internationale Micro Investitionen AG", ProCredit Holding is the majority shareholder in the group of 21 banks. Its purpose is to provide strategic guidance and management for these banks, which are growing rapidly. Its role includes support for refinancing, human resources, management information systems (MIS), auditing, controlling, marketing, retail operations, risk management, staff training, and the core business of lending.Above all, ProCredit Holding invests in the training and professional development of the staff of the ProCredit group, since the sustained success of ProCredit's banks depends on the quality of their employees. Intensive training takes place locally in the individual banks, regionally at our three regional academies, and centrally at the ProCredit Academy in Germany. The ProCredit Academy provides a high quality three-year part-time training program for high-potential managers from all 21 banks around the world.".
- Procredit_Group wikiPageExternalLink front_content.php.
- Procredit_Group wikiPageID "7992744".
- Procredit_Group wikiPageRevisionID "541499325".
- Procredit_Group advert "December 2007".
- Procredit_Group hasPhotoCollection Procredit_Group.
- Procredit_Group primarySources "April 2008".
- Procredit_Group subject Category:Microfinance_organizations.
- Procredit_Group type Abstraction100002137.
- Procredit_Group type Group100031264.
- Procredit_Group type MicrofinanceOrganizations.
- Procredit_Group type Organization108008335.
- Procredit_Group type SocialGroup107950920.
- Procredit_Group type YagoLegalActor.
- Procredit_Group type YagoLegalActorGeo.
- Procredit_Group type YagoPermanentlyLocatedEntity.
- Procredit_Group comment "The Procredit Group consists of 21 banks operating in transition economies and developing countries in Eastern Europe, Latin America and Africa. ProCredit's core business is the provision of credit and other banking services to very small, small and medium-sized enterprises and lower and middle income savers who have previously had limited access to formal financial services.".
- Procredit_Group label "ProCredit Holding".
- Procredit_Group label "Procredit Bank".
- Procredit_Group label "Procredit Group".
- Procredit_Group sameAs ProCredit_Holding.
- Procredit_Group sameAs Procredit_Bank.
- Procredit_Group sameAs m.026ms05.
- Procredit_Group sameAs Q567304.
- Procredit_Group sameAs Q567304.
- Procredit_Group sameAs Procredit_Group.
- Procredit_Group wasDerivedFrom Procredit_Group?oldid=541499325.
- Procredit_Group isPrimaryTopicOf Procredit_Group.