To End Extreme Poverty? Focus on Integrated Services

Jeffrey Riecke at the Center for Financial Inclusion provides a very comprehensive review of “Resilience: The State of the Microcredit Summit Campaign Report, 2014.” If you haven’t read Resilience yet (and why haven’t you?!), get the inspiration from CFI.

Center for Financial Inclusion Blog

> Posted by Jeffrey Riecke, Communications Associate, CFI

Last week the Microcredit Summit Campaign released their 2014 State of the Campaign report, sharing insights and exemplary initiatives that support the global goal of resilience for all. Resilience outlines where the microfinance industry stands in its mission to end poverty, and how synergies with other services and sectors, like healthcare, mobile phones, and social relief payments, are key to achieving even greater impact.

Worldwide, 1.2 billion people live in extreme poverty. One in eight people go to bed hungry and one in six children under the age of five are underweight. Every few years between 10 and 30 percent of the poorest households around the world work their way out of poverty, while roughly the same number fall below the poverty line. Several of these statistics, all highlighted in Resilience, come from the 2013 Millennium Development Goals report. In that…

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