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Volume 3, Issue 3: December 2005
State of the Microcredit Summit Campaign Report 2005 finds seven-fold increase in growth of microcredit to impoverished families.
Welcome to the December 2005 issue of Microcredit Summit E-News, a publication of the Microcredit Summit Campaign. This issue features the State of the Microcredit Summit Campaign Report 2005.
As of December 31, 2004, 3,164 microcredit1 institutions have reported reaching 92,270,289 clients, 66,614,871 of whom were among the poorest when they took their first loan. Of these poorest clients, 83.5 percent, or 55,622,406 million, are women. Seven hundred eighty-one of these institutions submitted an Institutional Action Plan in 2005. Together these 781 institutions account for 90 percent of the poorest clients reported. Assuming five persons per family, the 66.6 million poorest clients reached by the end of 2004 affected some 333 million family members.
Click here to access the State of the Microcredit Summit Campaign Report 2005:
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.
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