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Ensuring Impact: Reaching the Poorest While building Financially Self-Sufficient Institutions, and Showing Improvement in the Lives of the Poorest Families
by Anton Simanowitz in 2011
Community of Practice: Financial Services
This paper is about microfinance and its contribution to the eradication of poverty for millions of the world's poorest people. The Millennium Development goals set a critical challenge of halving absolute poverty in the world by 2015. Microfinance can make an important contribution to these goals by reducing income poverty, vulnerability, and empowering women to choose when and how to access other development services such as health and education. Donors should invest in poverty-focused microfinance as a key part of their Millennium Development strategies. Practitioners should explore how to ensure that programs become more effective in working with the poorest.