Read the full 2015 report

Executive Summary The World Bank and the United Nations have both set their sights on ending extreme poverty by the year 2030. The Bank has also set a concomitant target of universal financial access by 2020 as a major contributor to ending extreme poverty. Our assessment, after reviewing the contributions that microfinance institutions and oth

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Using Poverty Measurement Tools to Meet Client Needs

MFIs that employ poverty measurement tools and use the data to adapt their products and services to better meet the needs of those living in extreme poverty soon find the number of poorest clients they reach going up. In 2010, the Microfinance Council of the Philippines, Inc., and Grameen Foundation began work to expand use of the PPI with 10 of

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Building a Pathway: Fonkoze

Gauthier Dieudonne heads the Chemen Lavi Miyò (Path to a Better Life). This program targets people living in extreme poverty and provides them with a set of financial and non-financial services to ease their journey out of poverty. To date, more than 1,000 clients of this program have graduated from extreme poverty. Dieudonne describes some of w

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The Psychology of Scarcity

Give a group of well-educated college students a game to play in which they experience scarcity, and how do they behave? Much like people who live in poverty of one form or another, it turns out. They borrow more than they should, economically speaking, and they are willing to pay a high price to borrow. That is what Eldar Shafir, William Stew

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We Are as Vulnerable as Our Clients

Commercialization of the microfinance sector has driven the growth much faster than the sector could absorb. The growth was 200%, 300% growth, amazing. Then there were lots of other pressures that came with growth and everybody’s interest had to be taken care of. Maybe in the priority list, client interest became the least important one.Somehow

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Top 10 Reasons That Fewer Loans Are Going to the Poorest

What has caused a reduction in microfinance clients worldwide? And why have all of those reductions been from the poorest clients? Here are our top 10 reasons. 10. Andhra Pradesh crisis in India—Our reports show that India accounts for almost all of the reduction in clients worldwide. Most of these reductions come from Andhra Pradesh, where

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Reaching Fewer

In 2011, fewer of the world’s poorest families received access to microcredit and other financial services than had in 2010. This marks the first time since the Campaign started recording Institutional Action Plans in 1998 that both the total number of clients and the number of poorest families reached has declined from one year to the next

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Client Videos

Conchita’s Story https://www.youtube.com/watch?v=c_AINoe24aI Growing up in Central Luzon, Philippines, Conchita Quintero was not able to complete her schooling. Working all day at home doing laundry, Conchita vowed that she would help her children. When she first met with employees of Alalay Sa Kaunlaran, Inc. (ASKI), a Filipino microfin

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