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The Microcredit Summit Campaign announced that registration is NOW OPEN for the 17th Microcredit Summit, focusing on the them, Generation Next: Innovations in Microfinance. In partnership with Mexico’s Ministry of Economy through the national agency PRONAFIM, the Summit will be held in charming and historic Mérida, the capital of the State of Yucatan, in Mexico this September 3-5. Learn more about the 17th Microcredit Summit.
The Summit’s Purpose, Goals, and Origin:
The goal of the Microcredit Summit is to work together towards reaching an end to poverty through microfinance and to encourage other practitioners and stakeholders to join the movement. Since 1997, when the first Summit was held, the Microcredit Summit Campaign aimed to reach the very poor and give those living in poverty the power to take themselves out of poverty.
This Year’s Summit:
The 17th Microcredit Summit will be planned around the theme, “Generation Next: Innovations in Microfinance.” Thousands of practitioners, investors, government agencies, and NGOs will be attending and discussing the challenges and opportunities faced within microfinance. The Summit aims to recognize the best practices in the field and suggest innovative ideas to improve microfinance and get closer to reaching the goal of financial inclusion.
Partnership with PRONAFIM:
On May 14, 2014, the partnership between the Microcredit Summit Campaign and PRONAFIM to co-host the 17th Microcredit Summit was made official through a signing ceremony. Elenitza Canavati Hadjópulos, general coordinator of PRONAFIM, declared it an honor to host the 17th Microcredit Summit in Mexico. In her remarks at the signing ceremony, Canavati said that the Summit “will benefit the lives of those in Mexico and around the world. We [PRONAFIM] are committed to help people that use microfinance services in order to better the quality of their lives.”
Larry Reed, director of the Microcredit Summit Campaign, said that Mexico “is really following what the Campaign is all about, which is to see people in extreme poverty receive the tools and the services they need to move out of poverty.” The partnership with Mexico will provide a great opportunity to discuss the challenges that face the next generation of microfinance, particularly how to help the poorest in the context of a globally competitive economy like Mexico.
The Summit will serve as an opportunity to reinforce what works and address the issues that need to be improved. Canavati believes that the Summit will be a great chance for microfinance actors in Mexico to form alliances and partnerships with other organizations in order to get exposure to best practices from around the world.
The Microcredit Summit Campaign (the “Campaign”), a project of RESULTS Educational Fund, is the largest global network of institutions and individuals involved in microfinance and is committed to two important goals:
- Reaching 175 million of the world’s poorest families through microfinance and
- Helping 100 million families lift themselves out of extreme poverty
The Campaign convenes a broad array of actors involved with microfinance to promote best practices in the field, to stimulate the exchange of knowledge and to work towards alleviating world poverty through microfinace.
PRONAFIM (the National Program for Financing Microentrepreneurs) is a government program under the Ministry of Economy of the federal government of Mexico, established in 2001. Its main objective is to support men and women with productive projects and entrepreneurial aptitudes who currently lack access to traditional banking and related services. This is achieved through a network of financial institutions, to which PRONAFIM grants credit lines in order for them to provide microcredits to the target population.
PRONAFIM’s vision is to develop a stable and professional system of microfinance institutions that provide qualified and suitable microfinance services to individuals and groups, along with proper financial education, to ensure the use of microcredit as an instrument for welfare improvement.