Mix market website for social reporting of microfinance institutions. As of december 31, 20, 3,098 1 microfinance institutions mfis reported reaching 211,119,547 borrowers. The microcredit summit campaign is the only global network linking all actors in the microfinance sector that sets and regularly measures progress toward bold goals for using microfinance to end poverty. Aaron dibnerdunlap, program manager for the financial inclusion program, participated in a panel where he discussed. The state of the microcredit summit campaign report highlights the latest data on the progress towards reaching more than 175 million of the poorest families. Reed is a consultant to the microcredit summit campaign. Rao sabina rogers camille rivera with assistance from anna awimbo. Larry reed is the former ceo of the opportunity international network.
On june 19th, 2014, the microcredit summit campaign hosted an event to launch its report, resilience. The summit provided a valuable platform for discussion on key policy and business concerns. The microcredit summit campaign report 2011 estimates that december 2009, 3,589 mcis reached more than 190by million clients in 58 countries in four continents of the world. The other is peter adamson, who spoke clearly of the challenge 14 years ago. One of the founding hopes of the microcredit revolution is that. So, when he published the recent state of the microcredit summit campaign 20 i actually read it. Check out our videos to learn more about how microfinance is playing a revolutionary role in th. This information is at the heart of the publication of the report on the state of the microcredit summit campaign which now represents since 7 years ago the most complete data collect available on mfis. By 20, the number had hit 211 million, with 114 million among the poorest. Supporting the microcredit summit campaign clinton foundation. She found out about grameen bank in 1979 when her husband, a day laborer, was. Beginning in 2000, the campaign asked practitioners to indicate what poverty measurement tool they used, if any.
Two days ago i participated in a public conversation for the launch of the 20 report. Microcredit summit campaign commitment clinton foundation. How many lives must be changed for the better before world leaders realize that sustainable microfinance for the poorest2 is a critical tool for cutting absolute poverty in half by 2015. The state of the microcredit summit campaign report. State of the microcredit summit campaign report 2007. The second part looks at the impact of microfinance initiatives on poverty alleviation. Tpc values integrity, fairness and honesty in all business dealings, trust is the cornerstone of our business and. State of the microcredit summit campaign report 2012 3 executive summary as of december 31, 2010, 3,652 microfinance institutions reported reaching 205,314,502 clients,1 7,547,441 of whom were among the poorest when they took their first loan.
The state of the microcredit summit campaign report, 20. First, in terms of conflicts of interest, the only obvious one is the link to citibank, who sponsor the summit campaign. The campaign executive committee has agreed that the first two measurements to be included in the summits poverty measurement tool kit are the cashpor house index for use in rural asia, and participatory wealth ranking. The microcredit summit campaign announces declaration. The microcredit summit campaign brings together microfinance clients and organizations from the philippines to haiti. See who you know at microcredit summit campaign, leverage your professional network, and get hired.
A project of results educational fund, the campaign led a movement in the microfinance industry to achieve two bold goals by 2015. The state of the microcredit summit campaign report, 2014. Microcredit summit campaign establishes poverty grameen. Apr 28, 2015 the microcredit summit campaign joins the world bank group and their coalition of partners including mastercard, visa, mandiri, the state bank of india, equity bank, and bandhan in making a commitment to accelerate universal financial access. In the state of the microcredit summit campaign report 2011, we presented the results from the. At the inauguration, the director of the global microcredit summit campaign stated that microcredit restores the value of people and frees them from hunger and despair. Pros and cons of a new microcredit summit campaign report a new study from the microcredit summit campaign says microcredit has helped 1. The microcredit summit campaign, an american nonprofit organization, started as an effort to. The 1997 summit has been followed by 17 annual summits. Incorporated as a notforprofit foundation in 1971, and headquartered in geneva, switzerland, the forum is tied to no political, partisan or national interests.
These are the people that microcredit lending institutions are here to help. A report released in january 20 by the microcredit summit campaign, freedom from hunger, and the center for health market innovations studied the work of mfis in bolivia, ecuador, and p eru that. The state of the microcredit summit campaign report, 20 written by larry r. Ritas story from the report is an example of the success of microfinance. The microcredit summit campaign as a social movement khosla. Each years state of the microcredit summit campaign report highlights our work to debunk myths that stand as barriers to fulfilling the campaign s four core themes. Figure 1 is taken from the microcredit summit campaign s. The impact of microcredit on the poor in bangladesh. At the closing ceremony, the summit partners committed to a declaration that supports the. The report tracks microcredit inclusion and highlights strategies and valueadded services to extend the reach and impact of mfis.
On the other hand, the total number of poorest clients with loans outstanding declined, for the third straight year, to 114,311,586. I am thrilled to see such a turnout for this summit,which is one of the most important gatherings that we could have anywhere in our world. The report discusses the threats facing the microfinance sector around the world after a period of unprecedented growth and competition, particularly in india, and looks at some of the initiatives addressing these challenges. The state of the campaign report 2015 highlights the progress of the microfinance community toward two goals set at the 2006 global microcredit summit. First lady, she delivered the keynote address at the microcredit summit that launched the campaign whose 2011 report is being released today. State of the microcredit summit campaign report 2012 written by jan p. State of the microcredit summit campaign report 2003. State of the microcredit summit campaign report 2004. Launch of the state of the microcredit summit campaign. This is a family in the process of incrementally article 1. At the end of 20, the microfinance community reached 211 million clients, 114.
Core value 20 annual report tpc values client relationships, our. Many have seen microcredit as lifting families out of poverty, especially when lent to women. Microcredit summit campaign joins world banks financial. State of the microcredit summit campaign report 2011 by. It was the 14th gathering in a series of global and regional summits organized by the microcredit summit campaign. State of the microcredit summit campaign report 2004 introduction our purpose as an assembly is to launch a global campaign to reach 100 million of the worlds poorest families, especially the women of those families, with credit for selfemployment and other financial and business services by the year 2005. After the 100 million goal for 2005 was met, the campaign issued two goals for 2015. State of the microcredit summit campaign report 2011 larry r. Revisiting the evidence 1 over the last few decades, microcredit has captured millions of customers, billions of dollars in financing, a nobel prize, and the imagination of the global public. The first part this essay introduces the concept of microfinance and the rationale behind targeting women, which is critically examined. Married in 1962 at the age of 10, jorimon had her first child at 15. State of the microcredit summit campaign report 2012 jan p.
On 17 august 2011 the microcredit summit campaign the campaign published the state of the microcredit summit campaign report 2012 the report. The new study has its share of both fans and critics, and we found both in a couple of different stories today. Poverty measurement tools the state of the campaign report. State of the microcredit summit campaign report 2009 sam. Program book for the global microcredit summit 2011 by. We use this state of the campaign report to highlight the progress of the. The microcredit summit campaign, a project of results educational fund, in partnership with the microfinance council of the philippines, inc. The microfinance summit was jointly organized by pakistan poverty alleviation fund ppaf and pakistan microfinance. Results 20 annual report teresa rugg and luwiza makukula live 10,000 miles and what some. Jun 17, 2015 the world economic forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas.
Strengthening of the microcredit programs it is the micro credit summit in 2005, which encourages and supports the growth of. Use of poverty measurement tools the microcredit summit campaign s greatest challenge lies in bridging the gap between our commitment to reaching the poorest families and the lack of a sufficient number of quality poverty measurement tools in use. The following three myths have been particularly deeprooted and critical for us to address. Snapshots of rural households and microcredit to incorporate a clientside perspective on modern microcredit 43 rural households were interviewed in depth in the first quarter of 20. Hillary rodham clinton first lady, united states over 2,900 people, representing 1,500 organizations from 7 countries, attended the microcredit summit in washington, d. State of the microcredit summit campaign report 2012. Finally, in february 20, the nascent movement to end poverty got a substantial boost from the. The report 2004 presents the data by december 31st, 2003. The 18th microcredit summit was held march 1417th in abu dhabi, u. Inspired by president clintons call to action and to address the needs of integrating microfinance with health education, nigel green commits to provide financial contribution to the microcredit summit campaign. The deal is intended help citibank, na to expand its microcredit disbursement channels in bangladesh.
State of the campaign report 2012 by microcredit summit. Jessica massie melanie eltz armando boquin with assistance from. State of the microcredit summit campaign report archives. His current work involves industrywide initiatives to protect clients and expand the transformational impact of microfinance. New find all past state of the microcredit summit campaign reports in one central place. English state of the microcredit summit campaign report 2002 state of the microcredit summit campaign report 2004 state of the microcredit summit campaign report 2005 state of the microcredit summit campaign report 2007 state of the microcredit summit campaign state of the microcredit summit. The state of microcredit center for global development. Microcredit summit campaign, launched in february 1997 at a summit in washington.
Each years state of the microcredit summit campaign report has stressed the challenge faced by the campaign in disproving widelyheld myths that present obstacles to our success. Microcredit has generated considerable enthusiasm and hope for fast poverty alleviation, cul. It shows the impressive success of microcredit in reaching global scale. Cohosted by the association of microfinance institutions of kenya amfi and the campaign, delegates assisted in a spectacular four days of learning and networking. This marks the first time since 1998 when the campaign began tracking this data that the total number of clients and the number of poorest families reached has declined. For example, declared homeownership rates in four of the countries included in this study are. State of the microcredit summit campaign report 2002. Responsability investments reports total assets of usd 1. Surveys of the participating microfinance organizations indicate that as of december 31, 20, the global microfinance community had reached 211 million borrowers, the highest number since the microcredit summit campaign began tracking this data in 1997 1. Mar 17, 2016 abu dhabi, uae prweb march 17, 2016 the 18th microcredit summit gathered than global policy makers, central bank managers, and microfinance experts to explore and discuss innovative financial inclusion strategies that can create clear pathways to economic empowerment and social inclusion. According to the grameen bank website, microcredit is offered for creat. Microcredit summit campaign a project of results educational fund. As of financial yearend 2012, results reported a total budget of approximately usd 8.
The microcredit summit campaign has collected data for 14 years and began verifying that data in 2000. See more of microcredit summit campaign on facebook. Report on the impact of microcredit mi k 10 report on the impact of microcredit such as accounts, credit cards and various services. In order to fulfill the microcredit summit s goal of reaching 100 million families with microcredit by the year 2005, we must ensure not only that more resources are dedicated to promoting microcredit but also that resources are provided to the institutions in costeffective ways. In 2011, million fewer of the worlds poorest families received access to microcredit and other financial services than had in 2010, according to the 20 state of the sector report published by the microcredit summit campaign. The microcredit summit campaign has collected data for the state of the microcredit summit campaign report for 17 years and has verified that data survey methodology each year, the campaign makes a concerted effort to include institutions that have previously not submitted institutional action plans. Brief report on microfinances present state in the world. Nations population fund and the microcredit summit campaign. Jul 06, 20 the microcredit summit campaign executive committee recently approved the creation of a microcredit summit poverty measurement tool kit pmtk. Though microcredit is well known, our wikipedia article on that topic does not mention this particular campaign.
Microcredit summit campaign 440 1st street, nw, suite 460 washington, dc 20001. Microcredit programs and smes development in kosovo. The microcredit summit campaign will train 36 incountry trainers in 18 countries and 72 microfinance institutions, to deliver health. Inauguration of the global microcredit summit in spain.
Drawing on examples from some african and asian countries, the argument is built on the examination of two dimensions of poverty, namely income generation and. According to the state of the microcredit summit campaign report 2012, out of the total number of clients reached in. Role of microcredit and microfinance in the eradication of. Pros and cons of a new microcredit summit campaign report. Moving 100 million families out of severe poverty results. Twentyfive are from central bangladesh, which is more commercially active and highly competitive for microcredit. Reed, state of the microcredit summit campaign report. Worldwide, 3,552 microcredit institutions provided loans to 155 million clients, finds the state of the microcredit summit campaign report 2009. It announces progress towards these goals through the publication of the state of the microcredit summit campaign report. In 1997, results launched the microcredit summit campaign, a project that promotes increased financial access and poverty reduction among people living in extreme poverty worldwide. For many years adamson wrote the state of the worlds children reports with and. Welcome to the microcredit summit campaign s youtube channel.
Supplementing group lending explanation with institutional understanding. Microcredits for entrepreneurs and microenterprises financial microcredit. State of the microcredit summit campaign report, jan maes and larry reed, microcredit summit campaign, 2012. From 1997 to 2016, the microcredit summit campaign was the largest global network of institutions and individuals involved in microfinance. The state of the microcredit summit campaign report is the largest and most comprehensive annual report on the outreach of microfinance to the poor and very poor. Included are the summit program book, the state of the microcredit summit campaign report 2012, new pathways out of poverty the book of papers to be discussed in the plenary sessions, a summit. Figure 1 is adapted from the microcredit summit campaign s state of the summit report 2015 the most recent at the time we are writing. United nations population fund 220 east 42nd street, 18th floor new york, ny 10017. K rao sabina rogers camille rivera fabiola diaz sara gailly jesse marsden xochitl sanchez. Learn about working at microcredit summit campaign. The range of loans microbankoffers is divided into three types of microcredits. The microcredit summit campaign as a social movement march 14, 2006 by vinod khosla social impact the microcredit summit campaign the campaign has played a lead role in advocating for microfinance as one of the most important strategies to reduce poverty. The microcredit summit campaign, an american nonprofit organization, started as an effort to bring together microcredit practitioners, advocates, educational institutions, donor agencies, international financial institutions, nongovernmental organizations and others involved with microcredit around the goal of alleviating world poverty through microfinance.
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