In 2011, we commissioned more than 40 papers to accompany the workshops and plenaries organized at our Global Microcredit Summit 2011. This week’s #ThrowbackThursday is a great opportunity to review the wealth of knowledge generated by the Summit. Listen to the audio recording from the workshop here.
What is the Cutting Edge for Microfinance in Remote, Hard to Reach Areas?
Authors: Anne Hastings and Steven Werlin
Maximizing access to financial services in remote rural areas requires us to face a range of challenges that demand, in turn, a range of solutions. The problem is no more uniform than the regions that the services need to get to or the nature of the services required.
Access is not an end in itself but merely an important means towards progress for rural families and the communities they inhabit. That means that there are two sides to the question of access. On one hand, we must ask: what are the most effective ways to deliver financial services to especially hard-to-reach areas. Getting standard financial services to some areas presents significant challenges. On the other, there are distinct products and services that can help families living in remote rural areas in important ways. In other words, there is both a question of delivery of services and a separate question of the design of those services. In this paper, we have chosen to focus almost exclusively on the delivery of services.
Janèt Dèval, a client of Fonkoze, a microcredit institution in Haiti, is one of the 66.6 million poorest clients reached. Janèt has been a credit client for more than two years and comes regularly to all meetings. She has also been a part of every literacy program available and is about to start the newest module on developing business skills. Not only could she not read or write when she started, but she has had an extra challenge: Janèt has only a fraction of her hearing due to an injury when she was 20 years old.
When I found out that Fonkoze gave literacy classes for market women, I was so happy. I never went to school even one day. I didn’t know anything about school. I started right away with basic literacy and I have tried to never miss a class.
I finished Alfa Baz and Alfa Pos and then I went to the Health Program, too. I still don’t know many things, so I want to keep going. I take my notebook to my school and I write in it because one day I hope to read and understand everything. I bought two books in the market and my kids help me read them.
I work hard in the market so that I can repay my loans, keep going to school and so that my kids have that chance, too. If my parents would have sent me to school, I would have thrown a party for them to say thank you.
A group of 340 CLM members recently underwent Confidence Building Training in preparation for their graduation day…On this day of solidarity for women around the world, they are celebrating their ability to overcome adversity—both in the past, and in the future. Continue reading →
The world is mobilizing to address the massive earthquake that hit Haiti on Tuesday, dealing a horrific blow to the poorest nation in the Western Hemisphere. The reported epicenter of the earthquake is a highly populated area known to house many of Port-au-Prince’s poorest families. The International Red Cross estimates that one-third of the island nation’s 9 million people have been displaced by the earthquake and many thousands are dead.
This disaster requires both immediate emergency relief and longer term rebuilding efforts. Microfinance will play a crucial role in the financing needs that inevitably arise from this type of catastrophe as Haitians look to rebuild their country.
Please Donate Today
Below are microfinance organizations participating directly in relief and recovery work among earthquake victims in Haiti. Click on the organization link below to donate: