Microfinance & helping poorest citizens

Microfinance's future in Knowledge @ wharton - Excerpts

There is evidence at all levels that microfinance is growing dramatically. As of the end of 2004, according to the Microcredit Summit Campaign Report, more than 3,000 microcredit institutions reported reaching over 92 million clients, two thirds of whom "were among the poorest when they received their first loan." (Microfinance includes microcredit as well as other related services such as insurance and savings accounts.) In addition, there has been a sharp increase in institutions -- such as New York-based WWB -- that advise microfinance agencies. CitiBank is partnering with WWB to train microfinance institution managers.

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