>>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.
This year, the world is coming together in a series of global meetings to decide the level of political ambition we’ll bring to the eradication of poverty.
On Monday, RESULTS UK (a sister organization to our RESULTS Educational Fund) released a report at the Financing for Growth conference in Addis Ababa, Ethiopia, where the global community was negotiating who will foot the bill to eradicate poverty.
Titled “Who Pays for Progress? The Role of Domestic Resource Mobilisation and Development Assistance in Financing Health. A Case Study from Kenya,” RESULTS UK’s report focuses on Kenya’s reclassification from a low-income country (LIC) to a lower-middle-income country (LMIC) and how that reclassification will affect financing for health needs in Kenya. Oxley’s HuffPo article lays out RESULTS’ argument for strong and ambitious commitments from the global community to finance the next phase of development goals and the end of poverty. Español | Français | Continue reading →
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 EspañolFrançaisContinue reading →
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 … Continue reading →
…I had been conditioned to draw my eyes away from the poverty that surrounded me, to cringe at the touch of a dirty hand reaching out, and to generally be disgusted with the people who need my help the most…I realized that the only thing I was really willing to give were rejects and rejection…As people who have faced constant rejection, what the poor need the most is empowerment, and this can be done through offering social protection and inclusion. As Gov. Tetangco said, we have given them access to microcredit from formal financial service providers, and the challenge is how to reach out to the millions of people who live in extreme poverty…Alleviating millions of people from extreme poverty is possible, but it requires a change of perspective, and more importantly, a change in the system. Continue reading →
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 … Continue reading →
Lea en español (traducido por Google) *** Lisez en français (traduit par Google) At first thought, the connection between ending poverty and summiting the tallest peak in the world is not really evident but after Boffy’s short session, the parallelism becomes … Continue reading →
“As a simple global benchmark, [the Seal will] reference a poverty line that approximates the bottom ~40% of the population. In many countries, the national poverty line is about the same as the bottom ~40%, as can be see in the graph below. This definition intentionally reflects a level that is practical, achievable and relevant to ensuring deep financial inclusion. Broadly, it represents outreach to the bottom half of the financially excluded. At the same time, in order to recognize MFIs that have achieved deeper outreach to the very poor, the Seal of Excellence indicators identify the percentage of clients from the bottom ~20% as well.”
Pro-Poor Principles series
On 15 May 2013 we announced our Pro-Poor Principles in a blog post, found here. In this continuing series of blog posts, we will elaborate on the path that brought us to these Pro-Poor Principles of microfinance. The principles will inform both the learning environment in our community of practice, as well as our methodology for determining organizations that will be recognized by the Pro-Poor Seal of Excellence. We appreciate any thoughts you have on the Pro-Poor Principles and how best to apply them to practice. If you would like more information, please contact MeasureLearnChange[at]gmail.com.
A simple plan There have been many varied measures of poverty established over the past two decades in our global efforts to alleviate poverty. Hundreds of National Poverty Lines have been established by individual country governments, and institutions such as the World Bank have used figures ranging anywhere from…
Pro-Poor Principles series
We are proud to announce the Pro-Poor Principles! As the culmination of three years of work, the Pro-Poor Principles form the foundation for good practice in reaching and serving poor clients. They also serve as the core of our assessment framework that will help to identify those organizations doing the most to reach people living in poverty, to meet their needs, and to track progress over time.
The journey to the principles included alpha and beta testing, using a lengthy set of indicators which were reduced and refined. Many meetings and months of deliberation were conducted by our Technical Committee of industry experts. Performance against these standards will help to define the level of recognition that a microfinance institution can receive from the Seal of Excellence Secretariat.
In this continuing series of blog posts, we will elaborate on the path that brought us to these Pro-Poor…