Alia Farhat: Microfinance serving Syrian refugees in Lebanon

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Alia Farhat of Al Majmoua (Lebanon) discusses her organization, the role of microfinance to help end poverty — in particular with the Syrian refugee crisis — and the lessons learned at the 18th Microcredit Summit with Miranda Beshara, editor of the Arabic Microfinance Gateway.

Al Majmoua was founded in 1994 and is the leading microfinance organization in Lebanon, managing a portfolio of US $52 million. She believes that microfinance is part of the value chain to end poverty and that MFIs need to provide more than just finance to end poverty. Al Majmoua offers microinsurance and savings products as well as to entrepreneurship and financial literacy training.

Farhat describes how Al Majmoua, which means “the group,” has evolved from its group lending origins to its current work with refugees. Lebanon, a population of only 4.5 million, has seen an influx of 1.3 million Syrian refugees over the last three years. “We needed to do something” to help, she explains, so they started with non-financial services to women and youth such as vocational and entrepreneurship training.

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Bdour Alhyari: Enabling the poor to participate in development

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18th Microcredit Summit Video Corner Interview Series

Bdour Alhyari, business development manager for Microfund for Women in Jordan, interviewed by Miranda Beshara, editor of the Arabic Microfinance Gateway.


Bdour Alhyari of Microfund for Women (Jordan) talks with Miranda Beshara, editor of the Arabic Microfinance Gateway, at the 18th Microcredit Summit. Microfund for Women launched a Campaign Commitment in 2015. Commitments are specific, measurable, and time-bound actions organizations take to support the Campaign goal to help 100 Million families lift themselves out of extreme poverty. “It is in our mission to enable and empower women at so many levels,” says Alhyari. “We thought we need to be part of this Campaign and commit to act, encourage others to commit to act.” (Learn more here.)

Microfinance plays “a great role” to help end poverty, says Alyhari, because it enables the financially excluded to gain access to the financial system. “Eighty percent [of the world’s population] are not allowed to access finance. Microfinance provides them with financial resources to enable them to participate in the development of societies, of communities. They [beneficiaries and clients] take the money. They create businesses, they continue their learning, their education, to enable them to be part of the development cycle. Gradually this will help to better livelihoods.”

Finally, Alhyari reflects on her time at the 18th Microcredit Summit. “The Summit has brought so many different expertise from different parts of the world,” she says. “We have shown our experience in microinsurance [and], providing the caregiver program, and we heard about other examples in microinsurance, green energy, and so many other topics, [such as] youth. It was a good platform to have this exchange to look at the expertise of each other and learn from it.”

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Colombia, a “Pathways” poster child

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>>Authored by Paul Gostomski, Microcredit Summit Campaign Program Intern

The 100 Million Project, an initiative of the Microcredit Summit Campaign, aims galvanize and support work that helps advance industry toward the goal of helping 100 million families lift themselves out extreme poverty. To do so, the Microcredit Summit Campaign advocates adoption of “Six Pathways,” which are financial inclusion strategies that can reach the extreme poor and facilitate their movement out of extreme poverty.

The Consultative Group to Assist the Poor (CGAP), a global partnership of 34 leading organizations that seek to advance financial inclusion, recently published a paper that does an excellent job highlighting two pathways that are currently being implemented in Colombia: conditional cash transfers and an initiative to link mobile banking services with agent networks.

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CGAP’s take on household resilience in Burkina Faso

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Landlocked Burkina Faso is one of the poorest countries in the world with 44.6 percent of its population living on $1.25 or less per day. A recent CGAP publication draws on “resilience diaries” of 46 women in rural households in the northeastern zones of the country to determine how different financial services contribute to and affect household resilience.

Twenty-five women are members of village banks with the Reseau des Caisses Populaires du Burkina Faso (RCPB) while 21 are members of savings groups with the Office de Développement des Eglises Evangéliques (ODE). The seven-month project was conducted by Freedom from Hunger.

The diaries were used to understand the following:

  1. The strategies poor households employ to manage economic, environmental and health shocks that disrupt their financial lives.
  2. The roles formal, non formal and informal financial products play in improving household resiliency and building assets.

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Getting the ultra-poor on the “economy train”

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More than one-fifth of the world’s population lives on less than US$1.25 per day (the “extreme poor”), and most of those people live in rural areas. Due mostly to geographic constraints, it is difficult and costly to reach this population with financial and social services. Having poor infrastructure and few tools, they are stuck in a perpetual cycle of poverty.

This is a problem just begging for a solution. How about six financial inclusion strategies — our “six pathways” — that show promise in ending extreme poverty? Specifically, how about BRAC’s Graduation Approach? In 2002, BRAC set out to help the ultra-poor living on less than 80 cents a day to move up one level of poverty and to develop an approach that could tackle the geography obstacle.

In June, Science magazine published the results of six randomized controlled trial (RCT) impact assessments of BRAC’s Graduation Approach. Read our recap of the “Creating Sustainable Livelihoods for the Poorest” event hosted by CGAP, IPA, and J-PAL.

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#tbt: Lobbying the World Bank, Part II

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“We measure what we value and we value what we measure. It is clear that donor agencies value strong financial performance because they require their clients to measure their financial performance precisely. Except for USAID, other donors still do not demonstrate a similar value on measuring the poverty level of entering clients.”

We are pleased to bring you this #ThursdayThrowback blog post, which was originally published in The State of the Microcredit Summit Campaign Report 2004. The RESULTS International Conference is this weekend (July 18-21), and grassroots activists from the U.S. and around the world will be in D.C. to lobby the USAID Administrator and World Bank Directors. In reviewing advocacy fights in the early 2000s, we remember our campaign to push the World Bank to mandate the use of poverty measurement tools by their partners.

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#tbt: Lobbying the World Bank, Part I

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#Tbt_6We are pleased to bring you this #ThursdayThrowback blog post, which was originally published in The State of the Microcredit Summit Campaign Report 2004. The RESULTS International Conference is only three weeks away (July 18-21), and grassroots activists from the U.S. and around the world will be in D.C. to lobby the USAID Administrator and World Bank Directors.


In this introduction to the State of the Microcredit Summit Campaign Report, rather than presenting a neat, uncontested picture of the field of microcredit seen solely from the Campaign’s perspective, we think it useful to listen to the challenges and opposition to what the Campaign and these parliamentarians have championed, coming as it does from some of the most influential institutions in development. In the pages that follow, we invite you to listen in on debates that contrast the views of the World Bank and CGAP with those of industry leaders like BRAC founder Fazle Abed, Grameen Bank founder Muhammad Yunus, and the Microcredit Summit Campaign. What follows are excerpts from the World Bank and CGAP’s responses to the 700 parliamentarians, along with reactions from the Microcredit Summit Campaign.

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News Round-up for Friday, July 26

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Free solar panels for 2 m of the poorest families in Peru & our report on integrated health and microfinance in the Andes tops the charts Español Français Continue reading

News Round-up for Friday, July 5

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This week’s round-up includes the wrap-up of Chris Dunford’s Evidence Project blog. A must read!
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News Round-up for Friday, June 28

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World Bank President issues challenge to private sector, financial education at SEWA, and microfinance in Myanmar.Español Français Continue reading

News Round-up

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A report on impact investing, a US women’s clothing brand uses the PPI on their workers, learning from RSBY, and results from a report on NRSP’s microinsurance program.Español Français
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News Round-up

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A special UN report on post-2015 agenda, measures from the World Bank to accelerate progress on malnutrition, and research on how VSLAs affect the well-being of children.Español Français Continue reading

Last Week’s News

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Read our round up of last week’s microfinance news: A Financially Capable Consumer Could Be Your Best Customer, The Future of Provider Ecosystems for Financial Inclusion, How to Build Successful BOP Business Models, and more! Continue reading

Last Week’s News

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A round up of last week’s microfinance news: tests for credit bubbles, a challenge to the “old way” of thinking about microfinance, promising BoP business models in Latin America, and another paper about mbanking. Continue reading