ERIC Number: ED477592
Record Type: Non-Journal
Publication Date: 2002-Mar
Reference Count: N/A
Credit with Education and Title II Programs. Technical Note. Food and Nutrition Technical Assistance.
"Credit with Education" is a way to provide self-financing microfinance (or small-scale banking) to women, primarily in very poor rural areas, while at the same time providing education for business and family survival. Within the village banking environment, attempts to integrate education with village bank meetings have fallen into two types: (1) the field staff provides the education and financial services at the same village bank meetings; or (2) two or more specialists provide the banking and education services separately. When combined costs for both services are considered, the first type, a lower cost model, is most likely to be fully sustainable with program-generated revenues. The "Credit with Education" model was inspired originally by the Grameen Bank in Bangladesh, which combines a distinctive form of village banking with a simple change-promotion agenda. By the end of June 2000, implementing partners in 12 countries were offering "Credit with Education" to nearly 190,000 women, who had an average loan size of $73. Several other non-governmental organizations have independently developed distinctive versions of "Credit with Education." (BT)
Publication Type: Reports - Evaluative
Education Level: N/A
Sponsor: Agency for International Development (IDCA), Washington, DC.
Authoring Institution: Academy for Educational Development, Washington, DC.
Identifiers - Location: Bangladesh