Lev Plaves of KIVA talks with Miranda Beshara, editor of the Arabic Microfinance Gateway, about what he was most excited to learn about at the 18th Microcredit Summit. “What we are most excited about is how much discussion there was at the Summit about how different stakeholders — whether investors or practitioners — are really working to improve how we’re measuring impact,” Plaves says. “That was really great to see, and I am excited to see moving forward how that plays out in terms of people working to really increase how we are quantifying the outcomes we are having as an industry.”
In preparation for our 18th Microcredit Summit, the Campaign conducted a Listening Tour from December 2014 through February 2015. The Listening Tour served two purposes. First, it was our hope to find out how our audience (you) felt about on the World Bank’s goal of eradicating poverty by 2030, and equally important, we wished to consult you in identifying the topics that were at the top of everyone’s mind.
Q: What do you think will be needed to achieve the goal of global financial inclusion by 2020 and how can this contribute to the goal of eradicating extreme poverty by 2030?
I’m not very optimistic, given the current situation. Banks and MFIs are having a crisis of liquidity especially during this last financial crisis. There is a lot of money in the MENA region, but our outreach numbers are low compared to other regions. Also, with just 1% of the population projected to own 50% of global wealth by end-2015, it is hard to see how the poorest can hope for financial inclusion…