Paper
Brief Report on Microfinance's Present State in the World
A look at the growth of microfinance in the world
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8 pages
This report by PlaNet Finance, proposes a synthesis of the main results of a study on the evolution of microfinance in the world. It is published by the Microcredit Summit Campaign, an American non-governmental organization. The report highlights:
- The objectives of the Microcredit Summit Campaign (the Campaign);
- The growth in the access to microfinance in the world.
It presents the data collected by the Campaign, providing information about:
- The number of clients with access to microcredit;
- The distribution of microfinance institutions (MFIs) over the world;
- The growth of microcredit for the poorest;
- Its outreach towards the poorest women.
The report identifies the following future challenges for microfinance:
- Resistance from international agencies to the allocation of funds to the poorest;
- The lack of poverty measurement tools.
The report concludes with a discussion of the following aspects of PlaNet Finance:
- Its role in supporting MFIs and accelerating their growth;
- Its members;
- Its success in mobilizing the private sector and the international community to support the microfinance sector.
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