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Title edit
The Microcredit Summit Campaign - Reaching 100 million poorest families by 2005
Description edit
What is the Microcredit Summit Campaign?
The Microcredit Summit was held February 2-4, 1997. At the Summit more than 2,900 people from 137 countries gathered in Washington, DC. They launched a nine-year campaign to reach 100 million of the world’s poorest families, especially the women of those families, with credit for self-employment and other financial and business services by the year 2005. The Microcredit Summit Campaign brings together microcredit practitioners, advocates, educational institutions, donor agencies, international financial institutions, non-governmental organizations and others involved with microcredit to promote best practices in the field, to learn from each other, and to work towards reaching our goal.
To learn more about our core themes, you can read papers commissioned by the Microcredit Summit Campaign. You can also read the State of the Microcredit Summit Campaign Report, detailing the progress of the Campaign since 1997.
Who are the poorest families?
The Microcredit Summit defines the poorest families in developing countries as the bottom 50% of those living below their country’s poverty line or those living on less than $1 a day adjusted for purchasing power parity. In the industrialized world, the Summit targets all those who live below the poverty line. Reaching 100 million of the world’s poorest families is only one step in eradicating poverty worldwide: currently, the World Bank estimates that 1.2 billion people (roughly 240 million families) are living on less than US$1 a day.
