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Another Microfinance Institution (MFI) Closes in Uganda as Chaos Continues in the Sector
The Support Organisation for Micro Enterprises Development (SOMED), a microfinance firm in the Kibaale District of Uganda was shut down in December last year while police claim they are investigating allegations of extortion, embezzlement and fraud. The company had been offering low-interest loans since 2004.

Other credit cooperatives Related Articles

Credit Scoring
Ever wonder how a creditor decides whether to grant you credit? For years, creditors have been using credit scoring systems to determine if you'd be a good risk for credit cards and auto loans. More recently, credit scoring has been used to help creditors evaluate your ability to repay home mortgage loans. Here's how credit scoring works in helping decide who gets credit -- and why.
What is a Microfinance Institution (MFI)?
Quite simply, a microfinance institution is an organization that offers financial services to low income populations. Almost all of these offer microcredit and only take back small amounts of savings from their own borrowers, not from the general public. Within the microfinance industry, the term microfinance institution has come to refer to a wide range of organizations dedicated to providing these services: NGOs, credit unions, cooperatives, private commercial banks and non-bank financial institutions (some that have transformed from NGOs into regulated institutions) and parts of state-owned banks, for example.
Why A Good Credit Score Is Important To Your Business
Whether you're in business or an individual, you should have an idea of what your credit score is, even if you're not currently applying for credit. Knowing your credit score and occasionally checking your credit reports also helps you protect yourself from identity theft and credit fraud.
I Want To Improve Your Credit Score, But You Won't Let Me Help!
Credit score ignorance is just as bad as accumulating too much debt or not paying your credit cards on time. If you don't understand how your credit report score is calculated then you can't improve your credit score. read this brief primer and learn -- How do they calculate your credit score and who are "They"?
Basics of Credit Reports and Background Checks
Many employers would like to have a credit report before hiring, However, for job applicants, a credit report can seem like an invasion of privacy and unfair. The bottom-line is that employers need to approach credit report with caution and only use them if there is a business necessity, and further understand that here can be errors or items not related to employment. Job applicants also have rights when it comes to credit reports. Job applicants need to understand that credit scores are not part of an employment credit report and that employers do not request credit reports just to find ways not to hire. A credit report is only requested once a candidate is a finalist and there are certain positions where a requesting a credit report does make sense. This article surveys the use of credit reports and hiring.

Credit Alliance Group Explains FICO & Debt to Income Ratio Info
In the United States, a credit score is a number based on a statistical analysis of a person's credit files that represents the creditworthiness of that person, which is the likelihood that the person will pay their bills. A credit score is primarily based on credit report information, typically from one of the three major credit bureaus: Experian, Trans Union, and Equifax. Debt to Income Ration is another factor when it comes to your credit score.
Small Loans with Bad Credit in Australia
Small loans with bad credit in Australia can be had. Bad credit happens to everyone. The point is that the best way to get rid of bad credit is to pay off your debtors. Even doing that won't "clean-up" your credit. The only way to do that would be to get a small loan or some other form of revolving credit account going. But what is a good option and what's not? Fear not mate, I've got a few pointers for you.
Establishing Business Credit with a Secured Business Credit Card
One of the best ways to start establishing business credit is with cards specifically designed for businesses with no credit or less than perfect credit history. Learn what type of credit you can apply for to start building your business credit today...

Rural Broadband In America
Rural Americans spend most of the first thirty years of the 20th century in the dark. By the early 1930’s only ten percent of the rural population enjoyed the benefits of electricity compared to over 70% of their urban counterparts. Most of the electricity available to farmers was provided by cooperatives – groups of residents who laid the line, set up and maintained the systems as public utilities had little desire to spend what was necessary to serve so few. With the Rural Electrification Act of 1936 (7 U.S.C. 901-950b) rural electric development took off. Most of the loans the Act made available were given to these local cooperatives. Today, electric cooperatives own and maintain almost half of all distribution lines in the country.
When selling a business check the business buyers credit history
Together with checking the potential business buyers resumes and references, one more important area the business broker should research very closely in the process of qualifying the buyer is his credit history. If the buyer has relatable experiences, then you would look to their credit worthiness. Now, as a business transition specialist, I must say here that very rarely do I see a buyer with bad credit. So what I really want you to focus on is not just the credit score. Take a look at credit history and, in particular, look for what type of credit they have previously had and, if any, what type of problems you can see within their credit history.

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