Page:United States Statutes at Large Volume 118.djvu/3960

 118 STAT. 3930 PUBLIC LAW 108–484—DEC. 23, 2004 ‘‘(11) PRACTITIONER INSTITUTION.—The term ‘practitioner institution’ means a not-for-profit entity or a regulated financial intermediary, including a microfinance network, that provides services, including microfinance, training, or business develop- ment services, for microfinance and microenterprise clients, or provides assistance to microenterprise institutions in foreign countries. ‘‘(12) PRIVATE VOLUNTARY ORGANIZATION.—The term ‘pri- vate voluntary organization’ means a not-for-profit entity that— ‘‘(A) engages in and supports activities of an economic or social development or humanitarian nature for citizens in foreign countries; and ‘‘(B) is incorporated as such under the laws of the United States, including any of its states, territories or the District of Columbia, or of a foreign country. ‘‘(13) UNITED STATES-SUPPORTED MICROFINANCE INSTITU- TION.—The term ‘United States-supported microfinance institu- tion’ means a financial intermediary that has received funds made available under this part for fiscal year 1980 or any subsequent fiscal year. ‘‘(14) VERY POOR.—The term ‘very poor’ means those individuals— ‘‘(A) living in the bottom 50 percent below the poverty line established by the national government of the country in which those individuals live; or ‘‘(B) living on less than the equivalent of $1 per day (as calculated using the purchasing power parity (PPP) exchange rate method).’’. SEC. 7. SENSE OF CONGRESS. It is the sense of Congress that, in carrying out title VI of chapter 2 of part I of the Foreign Assistance Act of 1961 (as added by section 3 of this Act and amended by sections 4 through 6 of this Act), the Administrator of the United States Agency for International Development— (1) where applicable, should ensure that microenterprise development assistance provided under such title is matched by recipients with an equal amount of assistance from non- United States Government sources, including private donations, multilateral funding, commercial and concessional borrowing, savings, and program income; (2) should include in the report required by section 258 of the Foreign Assistance Act of 1961 (as added by section 6 of this Act) a description of all matching assistance (as described in paragraph (1)) provided for the prior year by recipients of microenterprise development assistance under such title; (3) should ensure that recipients of microenterprise development assistance under such title do not expend an unreasonably large percentage of such assistance on adminis- trative costs; (4) should not use recipients of microenterprise develop- ment assistance under such title to carry out critical manage- ment functions of the Agency, including functions such as strategy development or overall management of programs in a country; and 22 USC 2211 note. VerDate 11-MAY-2000 13:54 Nov 10, 2005 Jkt 029194 PO 00000 Frm 00464 Fmt 6580 Sfmt 6581 C:\STATUTES\2004\29194PT4.001 APPS10 PsN: 29194PT4

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