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On December 9th from 2:15 PM to 3:30 PM during the Microfinance India Summit 2013, we invite you to attend the workshop “Transforming the lives of the poor clients: A microfinance journey” to learn how you can help ensure that microfinance is part of the movement to end extreme poverty by 2030. Join this distinguished panel for an enlightening discussion.
|Moderator||Mr. D.S.K. Rao, Regional Director, Microcredit Summit Campaign, India|
|Speakers||Mr. Steve Hollingworth, President, Freedom from Hunger, United States|
|Mr. John Alex, Project Director, Equitas Development Initiatives Trust, India|
|Mr. Larry Reed, Director, Microcredit Summit Campaign, United States|
|Mr. J.D. Bergeron, Executive Director, Truelift, United States|
|Mr. Mukul Jaiswal, Managing Director, Cashpor Microfinance, India|
It is indeed exciting that the new World Bank president, Jim Yong Kim, has set a target for ending extreme poverty in this world by 2030. He has declared that all policies and strategies of the Bank would henceforth be directed to achieve this goal. Financial service providers have a big role in achieving the poverty goal, but it is evident now that financial services alone are inadequate for lifting the poor sustainably above poverty. Realizing this fact, many microfinance practitioners are adopting a holistic approach by addressing the myriad problems faced by the poor.
Microfinance practitioners are fully aware that ill health and health catastrophes are a major concern for their clients, often impeding their ability to build assets, repay loans, and thrive in their income generating activities. Freedom from Hunger and the Microcredit Summit Campaign have worked with dozens of financial service providers in India to demonstrate that health services can be practically and sustainably combined with microfinance to reach the “final mile” to the world’s poor.
Steve Hollingworth will share Freedom from Hunger’s (https://www.freedomfromhunger.org/) commitment to creating an enabling environment for integrating microfinance and health protection services in India. A small but growing number of microfinance practitioners are already working to improve health awareness and improve client access to basic health products and services.
Equitas Microfinance is a leader in this field.
Alex John will share Equitas’s (http://www.equitas.in/) experience of health integration—the challenges they faced and the success they met—as well as their future plans of deepening and scaling up of integrated services.
The Microcredit Summit Campaign has built a coalition with other organizations committed to providing those living in extreme poverty with useful financial tools and services to support their journey out of poverty.
Larry Reed will discuss Campaign Commitments, the first global and measurable set of commitments by a wide range of organizations from different sectors expressly established to help 100 million families lift themselves out of extreme poverty.
Truelift (http://truelift.org/) is a trust mark to signify commitment to positive and enduring change for people living in poverty. The mark is pro-poor and is based on the pro-poor principles of outreach to the poor, meeting their needs, and tracking their progress over time. Truelift brings recognition to institutions that are truly acting in the service of those living in poverty. J.D. Bergeron will talk about Truelift and the process they adopted to operationalize the trust mark.
This past October Truelift recognized the first “Milestone MFIs” to have undergone Truelift Assessment at the Microcredit Summit Campaign’s 2013 Partnerships against Poverty Summit in Manila, Philippines.
Seven MFIs, including Cashpor India, were recognized by Truelift for the milestones they have reached. Mukul Jaiswal will present the pro-poor practices adopted by Cashpor (http://www.cashpor.in/) that led to their institution receiving Truelift recognition.