The term practitioner institution refers to a not-for-profit organization or a regulated financial intermediary, such as a microfinance network. These institutions provide essential services, including microfinance, training, and business development assistance, specifically aimed at supporting microfinance clients and microenterprise institutions in foreign countries.
Practitioner institutions play a significant role in the legal landscape of international development and financial assistance. They are often involved in:
Users may manage related forms and procedures through resources like US Legal Forms, which offers templates drafted by legal professionals.
Here are a couple of examples of abatement:
Example 1: A non-profit organization that offers microloans and training programs to small business owners in rural areas of a developing country.
Example 2: A regulated financial intermediary that partners with local microfinance institutions to enhance their service offerings and reach more clients. (hypothetical example)
Pursuant to 22 USCS § 2214a (11), the definition and role of practitioner institutions are outlined. This statute emphasizes the importance of these entities in providing microenterprise development assistance.
| Term | Definition | Key Differences |
|---|---|---|
| Microfinance Institution | A financial institution that provides microloans to low-income clients. | Focuses solely on financial services, whereas practitioner institutions may also offer training and business development. |
| Non-Profit Organization | An organization that operates for a purpose other than making a profit. | Not all non-profits are practitioner institutions; the latter must specifically provide services related to microfinance. |
If you are involved with a practitioner institution or seeking assistance from one, consider the following steps:
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A practitioner institution is a not-for-profit organization or regulated financial intermediary that provides microfinance and business development services.