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Moving the World's Poorest Families Out of Poverty: How will Microfinance and Microenterprise Development Meet the Challege?   Image

Promoting Inclusive Markets and Financial Systems

Moving the World's Poorest Families Out of Poverty: How will Microfinance and Microenterprise Development Meet the Challege?

Moving the World's Poorest Families Out of Poverty: How will Microfinance and Microenterprise Development Meet the Challege?

Summary

In the year 2000, the United Nations created the Millennium Declaration based on the principles of freedom, equality, solidarity, tolerance, respect for nature, and shared responsibility, witha resolution to “halve, between 1990 and 2015, the proportion of the world’s people whose income is less than one dollar a day and the proportion of people who suffer from hunger.” Temost recent edition (2007) of the “Millennium Development Goals Report” states that 980 million people are still living onless than US$ 1 per day—down from 1.25 billion in 1990. For this goal to be accomplished in the next seven years, by 2015, the number of very poor people needs to further decline by at least 355 million people.

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