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What does it take to help 100 million families lift themselves out of extreme poverty? What role do the microfinance and financial inclusion industries have in reaching the end of extreme poverty?
Reaching 100 million families living in extreme poverty through Campaign Commitments
By World Bank estimates, approximately 1.2 billion people currently live in extreme poverty (under $1.25 per day). With President Jim Yong Kim, calling for an end to extreme poverty by 2030 – the Campaign is driving forward this agenda in the microfinance and financial inclusion industries because we know that ending extreme poverty is possible. In light of this new enthusiasm for ending extreme poverty from the World Bank, the Microcredit Summit Campaign, together with allies, is redoubling it’s efforts dedicated to reaching the goal of helping 100 million families lift themselves out of extreme poverty set in 2006. Taking into consideration the estimated average of 5 members per family, achieving this goal, would mean that 500 million people – or 40% of those living in extreme poverty – will have found a successful and sustainable path to a better condition. By reaching 100 million families, the coalition of the 100 Million Project will make a major contribution towards ending extreme poverty in its entirety.
Reaching 100 million families living in extreme poverty is a tall order making a growing and diverse coalition essential to. As such, the 100 Million Project is focused on creating a concerted effort from a multitude of organizations working in microfinance and financial inclusion to focus on a number of the puzzle pieces, including:
- Better targeting products, services, and delivery channels to the needs and contexts of the poor,
- Implementing programs and innovations that more than ever facilitate their movement out of poverty, and
- consistently and accurately measuring client progress along their journey and using that information to improve supporting activities along the way.
The coalition of actors includes those who have already stated ways each of them are going to carry out a Campaign Commitment in the coming 12-18 months that will focus on one or more of those pieces.
Yet a massive goal needs massive participation, massive sharing and learning, and massive collaboration. And massive results begin with setting interim goals. We invite you to get started by stating your interim goals and committing to achieving them within the next 12 to 18 months – making room for your next interim goals.
Join the movement by stating your Campaign Commitment alongside the first 18 Commitments launched at the 2013 Partnerships against Poverty Summit. Ending extreme poverty is an ambitious goal; Campaign Commitments make this large-scale vision actionable and achievable by setting year-to-year benchmarks organizations can commit to accomplishing. With organizations publicly stating the actions they are taking to realize the 100 Million Goal and pursuing their commitments to follow through, our coalition can do its part to help make the end of extreme poverty possible.
Ready to join the Campaign and become one of the leaders in the movement to end extreme poverty?
We’ve created a Commitment Development Toolkit to guide you in formulating your own Campaign Commitment that fits within your broader institutional strategy while adhering to 3 core requirements: Campaign Commitments are actions that are
Specific, Measurable and Time-bound.
The Commitment Development Toolkit answers questions such as:
- What is a Campaign Commitment? What kind should I make?
- How can I make my Campaign Commitment fit within my organizational goals?
- How do I make my Campaign Commitment specific, measurable and time-bound?
- How will the Microcredit Summit Campaign support my organization and Commitment?
- What are the benefits of making a Campaign Commitment?
By making a Campaign Commitment your organization is stating publicly your dedication to the end extreme poverty and the next interim steps your organization will take, contributing to that end. You will join a coalition of like-minded organizations who share resources, learnings and form partnerships in the effort to help 100 million families lift themselves out of extreme poverty.
How can you get involved?
Be social with us on Facebook (Facebook.com/microcreditsummitcampaign) and
Twitter (@MicroCredSummit) using the hashtags #Commit100M and #100MGoal
Submit and receive support for your Campaign Commitment at firstname.lastname@example.org or ask us questions!
Learn more about the Microcredit Summit Campaign: http://www.microcreditsummit.org/