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Record 128 Million of World’s Poorest Received a Micro-Loan in 2009


Resource posted by: Microcredit Summit Campaign, The

Created on: March 10, 2011

Resource description

The State of the Microcredit Summit Campaign Report 2011 was successfully launched at 10:00 a.m. on Monday, March 7, 2011 at the National Press Club in Washington D.C. in front of an invited audience made up of journalists and microfinance experts.

Nobel Peace Prize Laureate Muhammad Yunus (via video link) joined U.S. Ambassador-at-Large for Global Women's Issues Melanne Verveer, Spanish Secretary of State for International Cooperation Soraya Rodriguez Ramos and report author Larry Reed. Microcredit Summit Campaign Director Sam Daley-Harris moderated the news conference.

According to the report, more than 128 million of the world's poorest families received a microloan in 2009—an all-time high. Assuming an average of five persons per family, this means that loans to 128 million poorest clients affected some 641 million family members, which is greater than the combined population of the European Union and Russia.

Click here to read the News Release.

Click here for more information about the State of the Campaign Report.