Government Grants for All

Homes and Communities Agency: South Bristol’s regeneration takes major step forward

info4local Subject Documents

Tags: Agency, Bristol's, Communities, Forward, Homes, Major, regeneration, South, Step, Takes

History and Hope in the Heart of Dixie: Scholarship, Activism, and Wayne Flynt in the Modern South

History and Hope in the Heart of Dixie: Scholarship, Activism, and Wayne Flynt in the Modern South

Social and political history of the modern South.  This collection of essays on the social and political history of the modern South consider the region’s poor, racial mores and race relations, economic opportunity, Protestant activism, political coalitions and interest groups, social justice, and progressive reform.History and Hope in the Heart of Dixie illuminates the dual role of historian and public advocate in modern America. In a time when the nation’s eyes have been focused by Hurric

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Tags: Activism, Dixie, Flynt, Heart, History, Hope, Modern, Scholarship, South, Wayne

SOUTH AFRICA: Acid Mine Drainage Water Can Be Put to Use

Toxic water from derelict gold and uranium mines has reportedly destroyed Elize
Strydom’s dream to be a farmer in her retirement.

Southern Africa – INTER PRESS SERVICE

Tags: Acid, Africa, Drainage, Mine, South, Water

SOUTH AFRICA: Saving Water, Money and Improving Livelihoods

For many months now, a hosepipe connected to a leaking cistern in Isaac Mooi’s
outside toilet daily pours an estimated 100 litres of wasted water into the aged
sewer system of the Emfuleni Municipality, in Vanderbijlpark, south of
Johannesburg.

Southern Africa – INTER PRESS SERVICE

Tags: Africa, Improving, Livelihoods, Money, Saving, South, Water

Shaw Capital Management Headlines : South Korea: High Interest Charged by Finance Companies Probed

 

http://www.syminvest.com

Source : THE DONG-A ILBO

Jul 2010

Seul, South Korea, July, 24 2010 – An investigation into finance companies began Friday after President Lee Myung-bak complained a day earlier that the companies are charging high interest rates while visiting a branch of a micro-finance foundation.

After a meeting with chief directors of micro-finance foundations at the Bankers Club in Seoul Friday, Financial Services Commission Chairman Chin Dong-soo told reporters that a probe will begin into finance companies imposing high interest rates on loans to individuals and devise countermeasures.

“A 30-percent interest rate is very high,” he said. “Through an in-depth investigation, we will devise measures to ease the burden on the working class.”

“The main operations of finance companies are leasing, installment financing and providing auto loans, but unsecured loans account for a significant share of their operations,” he added. “This means demand for livelihood funds and emergency loans is high in the market, but interest rates in the 30-percent level is excessive.”

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The marketing share of unsecured loans among finance companies is around five percent and the amount of extended loans is about three trillion won (2.5 billion U.S. dollars). The interest rate on loans for individuals at such companies is an annual average of 32.6 percent and the default rate is near the legal limit of 44 percent.

Financial authorities estimate that the financing costs of finance companies are five to nine percent and that bad debt reserves are more than five percent. Though costs for management and collecting from borrowers are included, the combined cost of financing is under 10 percent, making 30 percent excessive, they said.

To improve the interest rate systems of finance companies, the commission and the Financial Supervisory Service will soon set up a fact-finding team to analyze financing and marketing costs of such companies and conduct on-site investigations if necessary.

Financial authorities will also crack down on the illegal practice of paying high fees to loan collectors to increase their numbers.

 

Finance companies will also be encouraged to make interest rate cuts by removing handling fees similar to upfront interest. Generally, they impose around three percent of the loan amount as a handling fee.

Credit card companies, which had been at the center of controversy for charging high interest for cash services, eliminated handling fees early this month.

Separately, financial authorities will reduce the interest burden on the working class, who are excluded from institutional financing, by invigorating micro-finance and the “sunshine loan” system designed to lend startup and emergency funds to low-income households at low interest.

Chairman Chin said, “After the Asia-wide foreign currency crisis and the latest global financial crisis, the financial situations of low-income households with low credit ratings have gotten worse,” adding, “We should help the working class` finances to gradually allow a soft landing by expanding guaranteed sunshine loans.”

He also told the micro-finance chief directors, “I urge operators of micro-finance foundations to return to the basics and make every effort to help low-income households with low credit ratings.”

 

Related Finance Companies Articles

Tags: Capital, Charged, Companies, Finance, Headlines, High, Interest, Korea, Management, Probed, Shaw, South

South Dakota Small Business Grants

The South Dakota government awards business grants to the South Dakota residents and small businesses.  There are 60 state government grant sources and over 200 federal government programs available for small businesses in South Dakota.

Many federal grants are awarded to organizations, institutions, State and local governments planning major projects that will benefit the specific sections of the community as a whole like street paving project, program to retrain the displaced workers,  attracting new businesses in a backward area,  water conservation program, flood control projects etc.  The small businesses availing the grants are subject to strict government overview and they must meet the performance standards during the funding period of the grants.  Some states provide grants for expanding child care centers, creating energy efficient technology and developing marketing campaign for tourism.  These grants are not free money as the recipients are required to match funds with other forms of financing.  

Most government grants are awarded to other federal agencies, states, cities, colleges, universities and research organizations.  Due to severe competition, getting the grants are becoming more intense as it requires a lot of time and money with no guarantee for success.  As detailed audit will be conducted by the government annually, the complete expenses incurred for the project should be properly accounted.  If the grant money is not spent fully, then the balance amount will go back to the treasury.  The project goals must be developed, approved and carried out as specified in the grant application.  The project should get completed within the stipulated time with success.  

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The small business owners can apply for multiple grant programs at a time for running the business in and around South Dakota.  In addition to the grants, the South Dakota government offers free consultants who will help to get the government contracts, provide free management advice legal help as well as information as to how to get more money and more business.

South Dakota government grants need not be repaid as the money given is to help those small business owners who are in need of financial assistance for startup or expansion of the business.    By going through the South Dakota government grant listings, the business owners can find out the suitable government grants details from the database.  The amount of money given as grants varies and some government grants are given throughout the years.

As the options for getting the funding from the traditional sources like banks and venture capital firms are very limited for small business women, there are grant resources made available for South Dakota women for starting a new business or own an existing business. The South Dakota business women interested in applying for grants can get more information on grants at Small Business Development Center offices located in various cities.  

The application for grants will not get approved unless it is accompanied along with a detailed business plan. They will have to prepare a clear expenses budget and submit to the Small Business Development Centre so as to establish that the business grants are being fully utilized by them for that particular business proposal.      

Small Business Grant Source:
Learn the application procedures, various funding sources for specific types of businesses and eligibility criteria for small business grants. You can find the most comprehensive information on availing of small business grants by visiting this online guide on grants here

Find More Ontario Business Grants Articles

Tags: Business, Dakota, Grants, Small, South

SOUTH AFRICA: In Need of a Unified Climate Change Policy

The implementation of a unified climate change policy across all of South
Africa’s government departments will not be easy as the divisions currently work
largely as separate entities, says Greenpeace Africa.

Southern Africa – INTER PRESS SERVICE

Tags: Africa, Change, Climate, Need, Policy, South, Unified

South Shore Physical Activity Grants Make a Difference

People in the South Shore have more opportunities to be active
through new projects supported by the Office of Health
Promotion’s physical activity grants.
Government of Nova Scotia News Releases – Office of Health Promotion (to May 10, 2005)

Tags: Activity, Difference, Grants, Physical, Shore, South

SWAZILAND: Disagreement on How South African Loan Should be Spent

Despite the 2.4 billion emalangeni (342 million dollar) loan from the South
African government to its cash-strapped neighbour, Swaziland is sinking deeper
into debt.

Subsidies: Who Really Benefits? – INTER PRESS SERVICE

Tags: African, Disagreement, Loan, Should, South, Spent, SWAZILAND

SOUTH AFRICA: Sound Policy Key to Renewable Energy

A radical rethink of current energy policy can cut South Africa’s greenhouse gas emissions by 80 percent in 2050 compared to 1990 levels. More than that – after an initial spike in investment – South Africans four decades down the line would pay 23 billion dollars per year less for their electricity compared to business as usual.

Southern Africa – INTER PRESS SERVICE

Tags: Africa, Energy, Policy, Renewable, sound, South