New report calls for scale-up of financial services “pathways” to help end extreme poverty

Gallery

This gallery contains 2 photos.


The Microcredit Summit Campaign released our 17th annual survey of the global microfinance industry Wednesday at the Inclusive Finance India Summit held in New Delhi, India. Larry Reed featured the publication, Mapping Pathways out of Poverty: The State of the Microcredit Summit Campaign Report, 2015, in his presentation on Wednesday to attendees of India’s premier financial inclusion conference.

What does the 2015 report say about the data?
According to our annual survey, the global microfinance community reached 211 million borrowers as of December 31, 2013, and 114 million of them were living in extreme poverty (households living on less than $1.90 per day, PPP).

What this means is that, while the microfinance community provided loans to the most clients since we began tracking this number in 1997, the number of poorest clients fell for the third straight year. This is concerning.

Español |Français | Continue reading

ESAF Microfinance commits to comprehensive services for clients

Gallery

This gallery contains 3 photos.

What is a Commitment + Actions to end extreme povertyThe Microcredit Summit Campaign welcomes ESAF Microfinance as the 57th organization to make a Campaign Commitment. ESAF joins a global coalition to help 100 million families lift themselves out of extreme poverty. ESAF will help support their clients in uplifting themselves from poverty by providing them with education, training, and support services.

ESAF and the Campaign strongly believe that microfinance services should be complemented by education, training, and other supporting programs that help poor families battle chronic poverty and social exclusion. For example, in partnership with the Campaign, ESAF trained community health workers (Arogya Mithras in Hindi) to provide health education and front-line screening services for non-communicable diseases to poor communities. You can learn about that project in “Integrating Health with Microfinance: Community Health Workers in Action.”

Español | Français | Continue reading

Equitas commits to improve focus on clients and service coverage

Gallery

This gallery contains 4 photos.

The Microcredit Summit Campaign welcomes Equitas, a major Indian microfinance institution (MFI), as the 56th organization to make a Campaign Commitment, joining a global coalition working to help 100 million families lift themselves out of extreme poverty.

Equitas is committing to expand its financial services and non-financial services to the following number of clients in the financial year 2015-2016 :

* Provide 1.5 million clients with financial services.
* Cover 70,000 clients under the food security program.
* Cover 50,000 clients under the health education program.
* Screen the health of 850,000 clients.
* Partner hospitals will provide 3,000 Equitas clients discounted consultation/ treatment.

Español | Français | Continue reading

Press release: José Manuel Salazar-Xirinachs joins our Executive Committee

Gallery

Communiqué de presse : M. Salazar-Xirinachs rejoint notre comité executif
Comunicado de prensa: Sr. Salazar-Xirinachs se une a nuestro comité ejecutivo Continue reading

Press coverage of the 2013 Partnerships against Poverty Summit announcement

Gallery

PHL to host 2013 microcredit summit GMA News February 4, 2013 The Philippines will host this year’s Microcredit Summit, after being chosen by the Microcredit Summit Campaign of the US advocacy organization Results Educational Fund for its record in microfinance … Continue reading