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State of the Microcredit Summit Campaign Report 2003

Asia/Pacific Microcredit Summit Meeting of Councils

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Volume 1, Issue 5: November 2003

State of the Microcredit Summit Campaign Report, 2003

As of December 31, 2002, 2,572 microcredit institutions have reported reaching 67,606,080 clients, 41,594,778 of whom were among the poorest when they took their first loan. Of these poorest clients, 79 percent, or 37,677,080, were women. Eight hundred thirteen of these institutions submitted a 2003 Institutional Action Plan outlining their progress. Assuming five persons per family, the 41.6 million poorest clients reached by the end of 2002 affected some 208 million family members.