To amend the Foreign Assistance Act of 1961 to authorize the Administrator of the United States Agency for International Development to provide assistance for programs of credit and other assistance for microenterprises in developing countries.
Microenterprise Development Act of 1994 - Amends the Foreign Assistance Act of 1961 to authorize the Administrator of the Agency for International Development (AID) to provide for programs of credit and other assistance for microenterprises in developing countries.
Requires a significant portion of such assistance to be used for poverty lending programs.
Directs the Administrator to strengthen appropriate mechanisms for purposes of: (1) providing technical support for AID field missions; (2) strengthening the institutional development of intermediary organizations; and (3) sharing information relating to the provision of assistance between field missions and such organizations.
Requires the Administrator to establish a monitoring system that: (1) establishes performance goals for such assistance and expresses such goals in an objective and quantifiable form; (2) establishes performance indicators to be used in assessing such assistance; and (3) provides a basis for recommendations for adjustments to such assistance to enhance the sustainable development impact of such assistance.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E1109-1110)
Referred to the House Committee on Foreign Affairs.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line