Microcredit Borrowers Moving out of Poverty in India

August 16, 2011

Microfinance Focus reports: "Counting the net number of people who crossed from below the USD 1.25 a day consumption in India between 1990 and 2010, a study by India Development Foundation (IDF) shows that nearly 9 million Indian households involved in microfinance - including approximately 45 million family members moved above USD 1.25 threshold during the last two decades.

According to the IDF report which was released by the Microcredit Summit Campaign, a program of the US-based advocacy group RESULTS Educational Fund, the movement out of poverty is highest for clients who have been associated with an MFI for a period of 4-6 years." View the article.