Training the next generation of leaders in microfinance

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"Cultivating the Next Generation of Leaders" plenary
We feature an interview with Glynis Rankin, CEO of Creative Metier in the UK, in Mapping Pathways out of Poverty: The State of the Microcredit Summit Campaign Report, 2015. Rankin and her team work to ensure that the financial inclusion industry possesses the leadership and capacity to ensure long-term success. In this interview, Rankin describes a study of industry leaders to understand their perspectives on leadership qualities that Creative Metier undertook in preparation for the 17th Microcredit Summit in Mexico last year. (Registration for the 18th Microcredit Summit is now open!)

Cultivating the next generation of leadership is an important consideration for the microfinance and financial inclusion sector. We have an important role to play in achieving universal financial access by 2020 and ending extreme poverty by 2030.

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Getting the ultra-poor on the “economy train”

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BRAC group meeting
More than one-fifth of the world’s population lives on less than US$1.25 per day (the “extreme poor”), and most of those people live in rural areas. Due mostly to geographic constraints, it is difficult and costly to reach this population with financial and social services. Having poor infrastructure and few tools, they are stuck in a perpetual cycle of poverty.

This is a problem just begging for a solution. How about six financial inclusion strategies — our “six pathways” — that show promise in ending extreme poverty? Specifically, how about BRAC’s Graduation Approach? In 2002, BRAC set out to help the ultra-poor living on less than 80 cents a day to move up one level of poverty and to develop an approach that could tackle the geography obstacle.

In June, Science magazine published the results of six randomized controlled trial (RCT) impact assessments of BRAC’s Graduation Approach. Read our recap of the “Creating Sustainable Livelihoods for the Poorest” event hosted by CGAP, IPA, and J-PAL.

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Six learning opportunities for the “Six Pathways”

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Educational opportunities from the Carsey School of Public Policy Lea en españolLisez en français Continue reading