Page:United States Statutes at Large Volume 114 Part 2.djvu/202

 114 STAT. 1084 PUBLIC LAW 106-309 —OCT. 17, 2000 "(i) are able to deliver very small loans through a significant grassroots infrastructure based on market principles; and "(ii) act as wholesale intermediaries providing a range of services to microfinance retail institutions, including financing, technical assistance, capacity- building, and safety and soundness accreditation. "(5) LIMITATION. —Assistance provided under this subsection may only be used to support microenterprise programs and may not be used to support programs not directly related to the purposes described in paragraph (1). "(c) MONITORING SYSTEM.— In order to maximize the sustainable development impact of the assistance authorized under subsection (b)(1), the Administrator of the agency primarily responsible for administering this part shall establish a monitoring system that— "(1) establishes performance goals for such assistance and expresses such goals in an objective and quantifiable form, to the extent feasible; "(2) establishes performance indicators to be used in measuring or assessing the achievement of the goals and objectives of such assistance; "(3) provides a basis for recommendations for adjustments to such assistance to enhance the sustainable development impact of such assistance, particularly the impact of such assistance on the very poor, particularly poor women; and "(4) provides a basis for recommendations for adjustments to measures for reaching the poorest of the poor, including proposed legislation containing amendments to enhance the sustainable development impact of such assistance, as described in paragraph (3). "(d) LEVEL OF ASSISTANCE.—Of the funds made available under this part, the FREEDOM Support Act, and the Support for East European Democracy (SEED) Act of 1989, including local currencies derived from such funds, there are authorized to be available $155,000,000 for each of the fiscal years 2001 and 2002, to carry out this section. "(e) DEFINITIONS.—In this section: "(1) BUSINESS DEVELOPMENT SERVICES. —The term 'business development services' means support for the growth of microenterprises through training, technical assistance, marketing assistance, improved production technologies, and other services. "(2) MICROENTERPRISE INSTITUTION.— The term 'microenterprise institution' means an institution that provides services, including microfinance, training, or business development services, for microentrepreneurs. "(3) MICROFINANCE INSTITUTION.—The term 'microfinance institution' means an institution that directly provides, or works to expand, the availability of credit, savings, and other financial services to microentrepreneurs. "(4) PRACTITIONER INSTITUTION.— The term 'practitioner institution' means any institution that provides services, including microfinance, training, or business development services, for microentrepreneurs, or provides assistance to microenterprise institutions.".

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