Volume 2, Issue 4: December '04

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State of the Microcredit Summit Campaign Report 2004

Latin America/Caribbean Microcredit Summit Meeting of Councils

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Volume 2, Issue 4: December 2004

State of the Microcredit Summit Campaign Report, 2004

State of the Microcredit Summit Campaign Report 2003

As of December 31, 2003, 2,931 microcredit1 institutions have reported reaching 80,868,343 clients, 54,785,433 of whom were among the poorest when they took their first loan. Of these poorest clients, 82.5 percent, or 45.2 million, are women. Seven hundred seventy-nine of these institutions submitted a 2004 Institutional Action Plan outlining their progress. Together these 779 institutions accounted for 90 percent of the poorest clients reported. Assuming five persons per family, the 54.8 million poorest clients reached by the end of 2003 affected some 274 million family members.

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1For the purpose of this report, the 1997 Microcredit Summit, and the Summit's nine-year fulfillment campaign, any reference to "microcredit" refers to programs that provide credit for self-employment and other financial and business services (including savings and technical assistance) to very poor persons.