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Budget of an MFI

  MFI stands for Microfinance Institution, which is a financial institution that provides small loans, savings, and other financial services to low-income individuals and micro-entrepreneurs who typically lack access to traditional banking services. The budget of an MFI would depend on a variety of factors, including the size and scale of the institution, its business model, its target market, and its funding sources. Typically, the revenue of an MFI would come from the interest charged on loans, fees charged for other financial services, and possibly donations or grants from foundations or government agencies. On the expense side, an MFI's budget would include costs related to managing the loan portfolio, operating branches or field offices, and providing technical assistance and training to borrowers. Other expenses might include salaries and benefits for staff, rent and utilities for office space, and costs associated with technology and communication. Managing the budget of an

Macedonia – a forgotten country?

IVAN TOROV That’s how it is. Life isn’t fair, and reality demands a compromise. These are the words that Erwen Fouréré, the long-standing EU ambassador to Skopje, a witness and occasional actor in Macedonia’s troubles, addressed to his hosts, warning them that the time to reach a deal with Greece over Macedonia’s name was fast running out. A month from now the EU will decide whether Macedonia, after five years of candidate status, will be given the date for starting negotiations on finally joining the EU. In Macedonia itself, however, there is a gloomy atmosphere of unfulfilled expectations. It is as if the Macedonian government and public have come to accept that Macedonia will draw the short straw in the ‘wrestling match’ at the EU summit in June. It is most likely, indeed, that the setting of the date will again be postponed, hopefully until the end of the year, less optimistically for an indeterminate period. The formal explanation will be the slowing down, indeed end of

Communication in non-governmental organizations

  Communication is a vital aspect of non-governmental organizations (NGOs) that operate in various fields, including health, education, human rights, and environmental protection. Effective communication within NGOs is essential to building relationships with stakeholders, mobilizing resources, and achieving organizational goals. In this paper, we will discuss communication in NGOs, including the importance of communication, the challenges NGOs face in communication, and strategies NGOs can use to improve communication. Importance of Communication in NGOs Communication plays a crucial role in the functioning of NGOs. NGOs rely on communication to establish partnerships with other organizations, mobilize resources, and build networks with stakeholders. Communication is essential for disseminating information about an NGO's activities and for generating public support for the organization's mission. Effective communication within NGOs is also essential for managing internal opera

Effective Communication in NGOs

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Effective communication is crucial for the success of non-governmental organizations (NGOs). NGOs must communicate effectively to build partnerships, mobilize resources, and achieve their organizational goals. In this paper, we will discuss some strategies for effective communication in NGOs.   1. Identify Your Target Audience:  Identifying the target audience is the first step in developing an effective communication strategy. NGOs need to know who their audience is, what their needs are, and how best to communicate with them. NGOs should tailor their message to the target audience and use the most appropriate channels to reach them.  2. Develop a Compelling Message:  NGOs need to develop a compelling message that resonates with their target audience. The message should be simple, clear, and easy to understand. NGOs should use stories, statistics, and facts to support their message.   3. Use Multiple Channels:  NGOs should use multiple channels to communicate their message to their ta

Business ideas

Online tutoring service: With the increase in online learning, starting an online tutoring service for students can be a lucrative business idea. Social media management: Many businesses struggle with managing their social media accounts effectively. Offering social media management services can help them improve their online presence. Virtual event planning: With the COVID-19 pandemic, virtual events have become more popular. Starting a virtual event planning business can help individuals and organizations plan and host online events. Pet care services: Pet ownership is on the rise, and many pet owners need help taking care of their furry friends. Starting a pet care business, such as dog walking, pet sitting, or grooming, can be a profitable venture. Health and wellness coaching: More people are becoming health-conscious and seeking guidance on how to lead a healthier lifestyle. Offering health and wellness coaching services can help people achieve their health goals. Personal s

Communication is a critical element of the operation of Non-Governmental Organizations (NGOs)

Communication is a critical element of the operation of Non-Governmental Organizations (NGOs). Effective communication can help NGOs achieve their goals, build relationships with stakeholders, and increase their impact. Communication in NGOs can take many different forms, including:   1. Internal communication: Effective internal communication is essential for ensuring that everyone in the organization is working towards the same goals and objectives. This includes regular meetings, newsletters, and other forms of communication to keep staff and volunteers informed about the organization's activities, progress, and plans.   2. External communication: NGOs need to communicate effectively with a range of external stakeholders, including donors, beneficiaries, volunteers, and community leaders. This includes regular updates about the organization's activities, progress reports, and success stories.   3. Advocacy and awareness-raising: NGOs often work to raise awareness about socia

Challenges of Communication in NGOs

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Communication is an essential element of the operation of Non-Governmental Organizations (NGOs). Effective communication can help NGOs achieve their goals, build relationships with stakeholders, and increase their impact. However, NGOs face several challenges in communication, including: Language barriers: NGOs may operate in multiple countries and interact with stakeholders who speak different languages.  Language barriers can make it difficult to communicate effectively and can lead to misunderstandings and miscommunications.  Limited resources: NGOs often have limited financial and human resources, which can make it difficult to invest in communication infrastructure and tools. This can lead to difficulties in maintaining effective communication channels and can limit the reach of their message.  Cultural differences: NGOs may work in different cultural contexts, which can lead to challenges in understanding and respecting local customs, norms, and values. Misunderstandings can lea

Importance of Communication in NGOs

Communication is a critical element of the operation of Non-Governmental Organizations (NGOs). Effective communication can help NGOs achieve their goals, build relationships with stakeholders, and increase their impact. The importance of communication in NGOs can be highlighted in the following ways:  1. Building relationships with stakeholders: NGOs need to build relationships with a range of stakeholders, including donors, beneficiaries, volunteers, and community leaders. Effective communication helps NGOs establish trust and credibility with these stakeholders, which is essential for building long-term partnerships and achieving shared goals.  2.  Advocacy and awareness-raising: NGOs often work to raise awareness about social and environmental issues and advocate for policy changes. Effective communication is essential for engaging with the public, policymakers, and other stakeholders to build support for their cause and promote their message.  3. Fundraising: NGOs often rely on don

190 universities just launched 600 free online courses. Here’s the full list

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If you haven’t heard, universities around the world offering their courses online for free (or at-least partially free). These courses are collectively called as MOOCS or Massive Open Online Courses. In the past seven years or so, over 800 universities have created around 10,000 of these MOOCs. And I’ve been keeping track of these MOOCs the entire time here at  Class Central , ever since they rose to prominence. In the past four months alone, 190 universities have announced 600 such free online courses. I’ve compiled this list below and categorized the courses into the following subjects: Computer Science, Mathematics, Programming, Data Science, Humanities, Social Sciences, Education & Teaching, Health & Medicine, Business, Personal Development, Engineering, Art & Design, and finally Science. Here’s the full list of new free online courses. Most of these are completely self-paced, so you can start taking them at your convenience. PROGRAMMING CS50’s Introducti