How deep is your outreach?

ENGLISH   ~   FRANÇAIS  ~  ESPAÑOL

We are still collecting the 2014 Institutional Action Plan (IAP) forms in preparation for The State of the Microcredit Summit Campaign Report, 2015.

Submit your IAP_193x92

Submit your Institutional Action Plan today!
DEADLINE FEBRUARY 15

By filling out an Institutional Action Plan (IAP), members of the Council of Microfinance Practitioners and Associations report on the progress they have made over the past year in providing financial and non-financial services to the most vulnerable and poorest populations.

Please complete the appropriate form below, and email it to info[at]microcrocreditsummit.org by February 15, 2015 to be included in the 2015 State of the Campaign Report.

If your institution operates in multiple countries and you would like to fill out a single IAP form, please contact us at info[at]microcreditsummit.org. Note that this year we are only asking for information on borrowers.

If you have any questions, please contact the Secretariat at info@microcrocreditsummit.org.


ENGLISH   ~ FRANÇAIS  ~  ESPAÑOL

Nous recueille toujours les formulaires de Plan d’Action Institutionnel (PAI) 2014 pour le Rapport de l’État de la Campagne du Sommet du Microcrédit, 2015.

Envoyer votre PAI_193x92

Envoyez votre Plan d’Action Institutionnel (PAI) dès aujourd’hui !
DATE LIMITE : LE 15 FÉVRIER

En remplissant un PAI, les membres du Conseil des Agents et des Associations rendrent compte du progrès qu’ils ont fait pendant la dernière année en occtroyant des services financières et non financiers aux populations les plus vulnerables et plus pauvres et le nombre de clients qui sont sortis de la pauvreté.

Veuillez remplir le formulaire approprié ci-dessous, et envoyer-le a info[à]microcreditsummit.org au plus tard le 15 de février 2015 afin d’être inclus dans le Rapport de l’état de la Campagne.

Si votre institution travaille dans plusieurs pays et vous voulez remplir un seul Plan d’Action, veuillez nous contacter à info[à]microcrocreditsummit.org. Notez bien que cette année nous demandons seulement des informations à propos des emprunteurs.

Si vous avez des questions, veuillez contacter le Sécrétariat en écrivant à info@microcrocreditsummit.org.


ENGLISH   ~   FRANÇAIS  ~  ESPAÑOL

La Campaña de la Cumbre de Microcrédito le complace anunciar que está recolectando los formularios del Plan de Acción Institucional para el 2014 (PAI) para el Informe del Estado de la Campaña de la Cumbre de Microcrédito, 2015.

¡Entregue su Plan de Acción Institucional hoy! FECHA LÍMITE: EL 12 DE DICIEMBRE

¡Entregue su Plan de Acción Institucional hoy!
FECHA LÍMITE: EL 15 DE FEBRERO

Al completar un Plan de Acción Institucional (PAI), los miembros del Consejo de Agentes y Asociaciones de Microfinanzas están reportando los progresos realizados durante el último año en el suministro de servicios financieros y no financieros a las poblaciones más vulnerables y pobres.

Por favor llene el formulario apropiado que se encuentra a continuación y envíelo por correo electrónico a info[a]microcreditsummit.org a más tardar el 15 de febrero de 2015 para poder incluir sus datos en el Informe del estado de la Campaña 2015.

Si su institución trabaja en varios países y desea llenar un solo Plan de Acción, favor de comunicarse con nosotros al enviar un correo a info[a]microcrocreditsummit.org. Por favor tome en cuenta que este año sólo estamos pidiendo información sobre sus prestatarios.

De tener cualquier pregunta, por favor comuníquese con el Secretariado enviando un correo a info@microcreditsummit.org.

Microfinance India Summit 2013 Workshop On Transforming The Lives Of Poor Clients

Gallery

This gallery contains 7 photos.

Learn how you can help ensure that microfinance is part of the movement to end extreme poverty by 2030. EspañolFrançais Continue reading

New Partnerships against Poverty: Health and Financial Services

Gallery

This gallery contains 4 photos.

When hundreds of millions of women like Alpana can enjoy health, savings, good work, and a sense of achievement and security for their families, we will know that our job is done EspañolFrançais Continue reading

Reflections from the 2013 Summit – Last and third day + Closing Ceremony!

The third and final day of our Summit was just as eventful and exciting as the first two. The day started off with the “Social Business: Creating solutions for social problems” plenary, moderated by Imelda Nicolas, Secretary of the Commission on Filipinos Overseas (CFO), Philippines. The Panelists included the esteemed Professor Muhammad Yunus, Founder of Grameen Bank; Mr. Nasser Al Khatani, the Executive Director of Arab Gulf Program for Development (AGFUND) based in Saudi Arabia; and Dr. Jaime Aristotle Alip, Founder & Managing Director, CARD MRI, Philippines. The plenary’s main focus was how can solving social problems lead to sustainable businesses? This plenary highlighted examples on how social investors and MFIs in the Philippines and other countries turned social problems into business opportunities. The panelists then led us through the process of defining a social problem and coming up with creative solutions for addressing that problem through social businesses.

Hear more of Muhammad Yunus’s and the rest of the panelist’s very inspiring speeches HERE:  http://new.livestream.com/accounts/2071894/PartnershipsAgainstPovertySummit2013

After the break, the “From intent to action: Resources to ensure responsible inclusive finance” workshop was given.  Speakers on the panel included Dina Pons, Social Performance Task Force (SPTF) & Investment Manager and Social Performance Management Coordinator, Incofin IM; Gilbert Maramba, Research and Development Department, Negros Women for Tomorrow Foundation (NWTF), Philippines; Yasser Ashfaq, Group Head, Financial Services Group, Pakistan Poverty Alleviation Fund (PPAF), Pakistan; and Mila Mercado-Bunker, President, Ahon Sa Hirap, Inc. and Chair of the Microfinance Council of the Philippines. The workshop was organized in partnership with the Responsible Inclusive Finance Working Group and provided a brief overview of responsible inclusive finance, defining the issue and describing the various initiatives and resources available to MFIs. It also provided a step-by-step roadmap for MFIs to improve their responsible inclusive finance practice.

Other workshops during the day included the “partnerships that utilize microfinance for post disaster assistance and post conflict support” workshop mediated by Michael Knaute, Executive Director, Convergences, France; and joined by Maud Savary-Mornet, Regional Manager, East and South East Asia, responsibility; Ben Warren, Kubaru; and Rev. Tambwe wa Tambwe Musangelu, Executive Director, Diku Dilenga RD du Congo . The main questions that were addressed included How Microfinance can serve the needs of such vulnerable populations once disaster strikes?, How these institutions flourish and develop, and also How these disasters affect MFI’s in general?

The day ended with the closing session including recognition’s and Thank you’s …and as Muhammad Yunus concluded by saying  “continue to expand”

MABUHAY…

Reflections from the 2013 Summit – Summary of day 2

Lea en español (traducido por Google) *** Lisez en français (traduit par Google)


The following are selected highlights of Day 2 at the 2013 Summit

Day 2 started off with the Plenary “Going the Extra Mile: From Safety Nets to Pathways out of Poverty.”

Roshaneh Zafar, founder and managing director of Kashf Foundation in Pakistan, stated that:

[this topic poses] an exciting challenge and a balance because on one hand, we have MFIs that want to do more and on the other hand we have government led programs, so we can see if the two shall meet.

Others on the panel included Secretary Corazon Juliano-Soliman (Secretary, Department of Social Welfare and Development, President’s Cabinet, Philippines) and Juan Borga (Outreach and Partnerships, Lead Specialist, Inter-American Development Bank) to discuss their role as funders and policy makers. Practitioners pitched their methodologies for providing pathways out of poverty:

  • Yves Moury (President and Executive Director, Fondación Capital) pitched the benefits of conditional cash transfers (CCTs)
  • Syed M. Hashemi (Professor, BRAC University, Bangladesh) pitched the graduation model
  • Nelly Otieno (Financial Inclusion Sector Manager, CARE International, Kenya) pitched savings groups model
  • Chandra Shekhar Ghosh (Chairman & Managing Director, Bandhan, India) pitched integrated health and financial services

As moderator, Ms. Zafar posed the following questions to Secretary Soliman:

(1) In terms of cash transfers and graduation schemes and so on, Is there a certain eligibility criteria for qualifying for these schemes? She answered,

We have  the “National Household Target System” which identifies 5.2 million poor families, and of that 4.3 million were identified as eligible because of the children that they have ranging in age from 0 to 14 years (we will extend that to 18 years of age in the year 2014 so that they can have support for high school students).   The conditions should be to keep these children in school and keep them off the streets and healthy. The child should be in school at least 85% of the month, and they should visit the health clinic at least once a month, and de-worming twice a year. Also, the attendance in ‘family development sessions’ is mandatory (20 t0 30 partner beneficiaries discussing a whole range of topics from health, responsible parenthood, raising children etc…).

(2) How do you measure impact (changes)? She answered that, for example, pregnant women receive post natal and anti natal services higher than in areas where conditional cash transfers (CCTs) are not implemented, an approximately 15% an increase.

(3), How do you make sure that these families or households don’t become dependent on CCTs and are able to graduate? Secretary Soliman answered,

We have a convergence strategy where we have CCTs, community driven development and sustainable livelihood converging in municipalities where we have the CCT families. We provide interventions through community driven enterprise development and capacity building and employment facilitation. That’s a step we are taking so that they can easily move in to self-sufficiency.

Ms. Zafar posed the following questions to Mr. Borga: What are some pros and cons of such schemes?

Within the Inter-American Development Bank, we have a multilateral investment fund, which gives small grants. The idea is that these funds work as a laboratory to give a taste of different new schemes and possibilities. Always working with the bottom of the pyramid and trying to help them access market skills, and basic services.

What we have been seeing when it comes to CCTs programs is that poor people want to save but they don’t have the right instruments or the right incentives to do so. We are trying to create a system in which creates a relationship between the recipients of the CCTs and the financial Institutions. A problem we see we see is that the financial Institutions don’t really provide them with the products they would like to have.

After that, practitioner members of the panel pitched their method for providing pathways out of poverty and Secretary Soliman and Mr. Borga weighed in on each pitch, judging which one they thought had most potential. Ms. Otieno (CARE International) on savings groups and asset building: Who are we really reaching through microcredit? And we need to consider the underlying causes of poverty.

We do not want to romanticize the Poor…  (Secretary Corazon Juliano-Soliman)

2 commitments were then made:

1) Health and microfinance clients; demonstrating their partnership and commitment

D.S.K. Rao, Regional Director for Asia Pacific, Microcredit Summit Campaign, India and Marcia Metcalfe, Director, Microfinance and Health, Freedom from Hunger, USA

  • To secure funding to develop and test health program indicators by year end 2014 that will enable our partners the MFIs and SHG’s that are providing health programs to measure the impact of such programs, and sign up to 10 partners who by 2015 will agree to collect these indicators and share them with their peers.
  • By 2015, we commit to reaching 1 million poor families in financial services orgs. With integrated financial and health services and continue to contribute to their improved well-being and their families by 2015.

2) Microfinance council of the Philippines and the dept. of social welfare and development presented by Corazon Juliano-Soliman, Secretary, Department of Social Welfare and Development, President’s Cabinet, Philippines. A private sector/public partnership.

The commitments were then followed by a Workshop on digitization of financial ecosystems.

After the workshop, the Plenary “Reaching Deeper and Lowering Costs: The Path ahead for Digital Services” was conducted by our very own Sabina Rogers. Guests included Mr. Ian Radcliffe, Director, WSBI-ESBG, Belgium; Mr. Napoleon Nazareno, President and CEO of PLDT and smart Communications, Philippines; Mr. Nadeem Hussein, President and CEO of Tameer Microfinance Bank, Pakistan; Mr. Raj Singh-Khaira, Vice President, RM & Consumer Services, FINO PayTech, India; and Mr. Gordon Cooper, Head of Emerging Market Solutions, Asia Pacific, Central Europe, Middle East and Africa, VISA, USA. Digital transactions have the potential to make the delivery of financial services a fixed cost rather than a variable cost. Once the basic network is in place, adding new clients brings very little additional cost. Some countries have been able to tap into the potential of digital transaction to bring large percentages of the population into a common payment system. On the other hand, only a few have successfully implemented large scale delivery of other financial services (savings, credit, insurance) using digital channels. What are these examples of progress and how can lessons from one context be understood and adapted in another? What’s next in the digital age and how can products and services better serve the very poor in their journey out of severe poverty? And most importantly, how can actors from across the sectors develop powerful synergies to make the most of the tools emerging in this digital age?

Congratulations to the Ignite Forum for officially launching at the 2013 Summit! For more on Ignite, visit http://igniteforum.org/

Watch the live stream at: http://new.livestream.com/accounts/2071894/PartnershipsAgainstPovertySummit2013

Reflections from the 2013 Summit: Summary of Day 1, October 9th 2013 OPENING CEREMONY… and Preview of Day 2, October 10th 2013

The opening ceremony started of with a speech from Mr. Larry Reed, the Director of the Microcredit Summit Campaign and  Mrs. Mila Mercado Bunker, the President of Ahon sa Hirap, Inc. (ASHI), and Chairperson of the Microfinance Council of the Philippines, Inc. After that, there were speeches made by some of the speakers including Amando Tetangco Jr., the Governor of the Central Bank of the Philippines, Philippines; Florencio “Butch” Abad, Budget Secretary, Philippines; Sharif al din Hasan, Minister, Ministry of Cooperatives and SMEs, Indonesia; Muhammad Yunus, Founderof Grameen Bank, Bangladesh; and Karen Dávila, award-winning Filipino broadcast journalist and television and presenter. In his speech, Governer Tetango said, “It is my personal wish to see every Filipino productively contributing to and reaping the benefits of a robust economy. This vision also underlies the policy and regulatory actions of the Bangko Sentral ng Pilipinas. We endeavor to maintain price stability; safeguard the soundness and efficiency of the financial system, at the same time provide an environment that enables every citizen, especially the poor, to access appropriate financial services including microcredit. We are all here because we share the same vision and goal. Together we can cover a lot of ground. Now is the time for all of us in the public and private sectors to work more closely together as partners in achieving high productivity and economic growth that translates into better lives.” He added that  “two thirds of the worlds poor live in Asia and the Pacific region”… 

According to Budget secretary Florencio Abad, “The Philipines is in the midst of a process of substantial changes in governance”. The main question of the day was how can government reform help financial inclusion in your country? Secretary Abad adds “Economic prosperity of nations depends on the nature of political institutions”.  “The government and commercial banks cannot help achieve financial inclusion as well as MFIs and other organisations. Financial inclusion requires grass roots support and community presence which the commercial banks are unable to provide”

Additionally, there was showing of a speech made by World Bank President Jim Yong Kim. See here: https://100millionideas.org/2013/10/07/live-streaming-plenary-sessions-at-the-2013-summit/

As well as a speech made by Mrs. Valerie Boffy, speaking about her experiences climbing Mt. Everest and its paralels with combating extreme poverty. The kind  of resources and strength you need to climb the Everest is comparable to the things you need for ending poverty. Climbing the Everest requires technology, experience/know-how, confidence, favourable weather, good health and luck. The same ingredients are required to end poverty. She also talks about her non-profit entity, Women on a Mission, which she co-founded helping to combat poverty by raising awareness and funds for a humanitarian cause. See more here: https://mcsummit.wordpress.com/wp-admin/post.php?post=3246&action=edit

Professor Muhammad Yunus Interview: See more at: http://new.livestream.com/accounts/2071894/PartnershipsAgainstPovertySummit2013

Can MF lend to anybody? Nobody should be out of the financial services. Everybody should have access to financial services… We have to redesign products to keep everyone within the financial sector. When we started Microcredit, we were NOT looking at job creation; we were focusing more on self- employment. The future for poor people is in self-employment. It’s about creating entrepreneurs. Each borrower can create jobs. We believe all human beings are entrepreneurs. If you want to solve the problem of poverty by job creation, you won’t go very far. Look at Europe for example; half of the youth are unemployed because all structure is based on creating jobs and not on creating entrepreneurs.

Define social business? A non-dividend company to solve human problems. We have created many social businesses in Bangladesh. We have taken this message abroad. We create a social fund. Gradually they buy us out and repay us without paying over and above the capital. We have no expectation of returns whatsoever. Money has become an addiction. That is a distortion of being human. Humans are selfish and yet selfless. A Social Business is not martyrdom, it’s not charity. I do business my capital comes back. In charity, money is used once. Here, money goes out and comes back in. This is business and appeals to poor people right away. Every business can run a Social business in parallel.

What makes some clients succeed? No one fails but the range of success differs, some are small and some major. People do it in a very marginal way, first they pay back with interest. That’s a success I would say. Then you save a bit and send children to school. That’s a success. So you have to go step by step. By selling few chickens you don’t change your life. You change your life by changing your mindset. Selling a few chickens starts that mind set change. These are the heroes of history. They have changed the financial system. It’s the same the world over. We work in NYC now. Our address has changed holistically. We need to ask what we are doing for this second generation, our kids generation. Also, Bangladesh was a basket case as declared by the ‘big guys’. We have to prove them wrong. We have achieved the first MDG to reduce poverty by half and so the next round will be easier for us. We will create poverty museums. We have created the steel in ourselves to address.

Does family planning end poverty? It is complex. Despite everything that we have. We persuaded our leaders to reduce poverty. We have to believe in it. Corruption is a big issue. Bad governance too. It all holds us up. Let us not comprise on our major goal.

What more can MFIs do? Learn from each other. Charge our batteries. Win the war with determination. Again, NOBODY should be excluded. We have to evolve to a more holistic approach. Our entire mission is to help people come out of poverty. MFI is merely a tool to do so, It’s not our main business. We would like to be the first county to build a poverty museum.

Where do you get the fire? When you see the change your work you bubble with enthusiasm. I say I remove profit from business. People say that is the inventive. I say profit is not the only incentive. Making yourself money that is happiness. But you make others happy that is super happiness. We’ll make it! We will not fail in 2030. We will come up with 15 new ideas and make things happen. We will win this war.

The Partnership Plenary was next. How, when and why to partner? This plenary focused on the question ‘What is a multi-sector partnership?’ – an ongoing working relationship which shares risks and benefits.

Nick Luft

Emerging trends

  • opportunities for collaboration are widening
  • stakeholder engagement is taking place
  • profile, branding and communication matter
  • organisations are becoming increasingly strategic in their engagement
  • organisations use local networks for global partnerships
  • stakeholders are increasingly important

What is an ideal partner?

  • knowledge sharer
  • creates synergy
  • proactive
  • transparent
  • clear value proposition

How do originations partner?

The partnering cycle includes:

  1. funding
  2. engaging
  3. building
  4. implementing
  5. reviewing

Partnerships work when:

  • there are right partners
  • they achieve the right results
  • add value to all partners
  • appreciate the transactional costs involved with the partnerships
  • highest standards of project management
  • engagement and buy in across the board
  • culture of ongoing review
  • Global index shows that 2.5 billions left out! 70% of the poor are unbanked
  • it’s time to take what works and leverage it in bigger ways
  • the big question is why does it matter – what is needed

Roger Voorhies (Bill and Melinda Gates foundation)

Richard Leftley – Micro Ensure

Working with MFIs… The most successful case is giving insurance as a reward for using air time – this benefits the client and the teleco provider

Edgar Generoso:

  • never take short cuts in Microfinance
  • record base line data and measure the impact

Summary of the partnerships plenary:

i.      Emerging trends

ii.      What is an ideal partner

iii.      How do originations partner

See the opening ceremony including all the Interviews at http://new.livestream.com/accounts/2071894/PartnershipsAgainstPovertySummit2013

Preview of Day 2 (October 11th 2013) 

Going the Extra Mile plenary: This is a modified pitch session in which each practitioner will give an elevator pitch to present their concept for creating pathways out of poverty and to answer the question, why does your program have the most potential to help the most people move out of poverty, and how can we design a program that has the most potential to help the most people do that? They will than be scrutinized and their pitch judged.

Check out the Speakers here:  http://partnershipsagainstpoverty.org/going-the-extra-mile-from-safety-nets-to-pathways-out-of-poverty/

And it can also be viewed live streamed here:  http://partnershipsagainstpoverty.org/livestream/

Reflections from the 2013 Summit: Press Conference; Expanding Value Chains to Include the Poor

The key question in this workshop session was how to help include the poor in value chains; poor producers are generally too small to transact directly with large buyers. This exclusion leads to the poor selling to small poor buyers which reduces prices and decreases value for the poor producers. This problem is most exacerbated in agriculture, livestock and other perishables. In the absence of proper storage facilities – i.e. cold storage facilities and/or proper transport facilities, low-income producers are forced to sell as they produce which may not be the most favorable keeping in view price fluctuations.

Multiple examples from numerous organizations were shared in this session that aimed to address just this conundrum – how to help poor farmers and other micro-entrepreneurs better integrate in value chains. This essentially requires the establishment of a national enabling environment through linkages of small producers to specialized organization at each step of the value-chain.

The Jollibee Foundation shared its investment into and organization of onion farmers cooperatives which helps increase prices for farmers up to 75% more than they would be able to without the value chain. Jollibee Foods requires a steady supply of onions for its ‘secret recipe’ but unfortunately onions are only grown once in the year in the Philippines. While larger farmers can store these onions in proper storage facilities, smaller farmers need to sell the onion as soon as they harvest them. Naturally this reduces profit margins for small farmers. Jollibee Foundation has helped organize farmers into cooperatives by ensuring purchase of onions grown by the farmer cooperatives. As a consequence of this steady and confirmed demand, MFIs give loans to the small farmers to help them form these cooperatives. Through these cooperatives, a win-win situation emerges wherein the farmers earn better prices for their onions and Jollibee is assured a steady and fresh supply of onions.

Another value chain development project for small farmers that was featured was cashew nut processing through NABARD in India. NABARD has been able to secure a direct buyer for processed cashew nuts in Wal-Mart USA as a result of which it has been able to help small farmers form into a production cooperative. The production cooperative is trained and supported in replacing manual techniques such as breaking the shell by hand with using machines to do the same. Moreover NABARD has also introduced drying machines and trained the farmers on techniques of how to grade the quality of the cashew nuts processed. NABARD also involves the local governmental agriculture officer that helps with monitoring and trainings aspects at various steps along the value-chain. As a result of this value chain, poor farmers have been able to earn much fairer prices and have been able to register themselves as production cooperatives.

The main crux of the session was that there are multiple ways in which Financial Institutions; especially MFIs can support value chain development in small/poor farmers. The process needs creativity, an enabling regulatory environment, willing partners, and involvement of multiple stakeholders!

Reflections from the 2013 Summit: Karen Davila Interviews Dr. Mohammad Yunus!!!

The living legend is in the house! Dr. Mohammad Yunus was interviewed by our very own Karen Davila during the plenary this morning. What an Honor! He is the founder of Grameen Bank and since has been called the “father of microfinance” because of the sweeping success of his microfinance projects. Every statement that he said was worth quoting, however this one hit the home-run: “Making one’s self happy is happiness, (but) making others happy is super happiness.” This, he said after invoking everyone’s commitment to share their selflessness in helping the less privileged in reaching out with financial services to help them and be lifted out of severe poverty. He also made it clear that no one should be excluded access to financial services and zeroed in on urging microfinance practitioners and organizations to provide these valuable services, especially to those who do not have the capacity (yet) to pay. It is true that MFIs and other organizations boast of how big and extensive their reach are, however there is the looming massive number of “unreached” vulnerable sectors in the world.  Forming partnerships of different financial efforts and putting them in one basket is a must to turn these numbers into small portions, if not down to zero.

Check out the Video Interview…

Video Link: http://new.livestream.com/accounts/2071894/PartnershipsAgainstPovertySummit2013.

World Bank President Jim Yong Kim to make a statement at the 2013 Summit

Earlier this year, World Bank President Jim Yong Kim, who will be delivering a call to action at the 2013 Partnerships against Poverty Summit in Manila, announced a new agenda for ending extreme poverty by 2030 as a global community and and promote shared prosperity to boost the incomes of the poorest 40 percent of the population. In his statement, he noted that we are in a remarkable moment in history, coming off of “successes of past decades and an increasingly favorable economic outlook.” He declared,

Our duty now must be to ensure that these favorable circumstances are matched with clarity of purpose and resolute action to realize this historic opportunity.

He labeled the “science of delivery” for development as the path to maximize development dollars to create a world that is defined by “soaring opportunities”:  clean energy, food security, and healthy families. “A world free of poverty,” he said.

And on October 9th, President Kim will call on the microfinance and financial inclusion movements, on the global community present at the Summit, to help make microfinance part of the movement in the next set of Millennium Development Goals to end severe poverty by 2030. Delegates will then have opportunities through the plenary sessions and workshops to explore the different roles that microfinance institutions, banks, payment providers, regulators, policy makers, and social development organizations can play in partnership to help in the process of ending severe poverty. 

Watch the video.

Institutional Action Plan Raffle Winner: Muslim Aid Bangladesh

Gallery

This gallery contains 3 photos.

Poor people’s access to formal financial institutions is denied for they lack collateral and other security. The formal banking system deprives them of the right to borrow, save and invest in profit rearing activities and it is a major reason … Continue reading