Angel Organizations of the Month

Microcredit Summit Campaign - International Organization of the Month

What is the Microcredit Summit Campaign?

The first Microcredit Summit, held February 2-4, 1997, gathered more than 2,900 people from 137 countries 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. That goal was very nearly reached and in November of 2006 the Campaign was re-launched to 2015 with two new goals:

Working to ensure that 175 million of the world's poorest families, especially the women of those families, are receiving credit for self-employment and other financial and business services by the end of 2015
Working to ensure that 100 million families rise above the US$1 a day threshold adjusted for purchasing power parity (PPP), between 1990 and 2015.

The 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 stimulate the interchanging of knowledge, and to work towards reaching our goals.

The Microcredit Summit Campaign is a project of the RESULTS Educational Fund, a U.S.-based grassroots advocacy organization committed to ending hunger and poverty. To find out more about RESULTS and its International Affiliates, click here.

What are the core themes of the Microcredit Summit Campaign?

The core themes of the Microcredit Summit Campaign are:

Reaching the poorest
Reaching and empowering women
Building financially self-sufficient institutions
Ensuring a positive, measurable impact on the lives of clients and their families

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.

Why target Women?

1.2 billion people are living on less than a dollar a day. Women are often responsible for the upbringing of the world’s children and the poverty of the women generally results in the physical and social underdevelopment of their children. Experience shows that women are a good credit risk, and that women invest their income toward the well being of their families. At the same time, women themselves benefit from the higher social status they achieve within the home when they are able to provide income.

For more information on the Microcredit Summit Campaign, please click here.

To view all Angel Organizations of the Month, please click here.


	Angel Organizations of the Month Microcredit Summit Campaign - International Organization of the Month What is the Microcredit Summit Campaign? The first Microcredit Summit, held February 2-4, 1997, gathered more than 2,900 people from 137 countries 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. That goal was very nearly reached and in November of 2006 the Campaign was re-launched to 2015 with two new goals: Working to ensure that 175 million of the world's poorest families, especially the women of those families, are receiving credit for self-employment and other financial and business services by the end of 2015 Working to ensure that 100 million families rise above the US$1 a day threshold adjusted for purchasing power parity (PPP), between 1990 and 2015. The 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 stimulate the interchanging of knowledge, and to work towards reaching our goals. The Microcredit Summit Campaign is a project of the RESULTS Educational Fund, a U.S.-based grassroots advocacy organization committed to ending hunger and poverty. To find out more about RESULTS and its International Affiliates, click here. What are the core themes of the Microcredit Summit Campaign? The core themes of the Microcredit Summit Campaign are: Reaching the poorest Reaching and empowering women Building financially self-sufficient institutions Ensuring a positive, measurable impact on the lives of clients and their families 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. Why target Women? 1.2 billion people are living on less than a dollar a day. Women are often responsible for the upbringing of the world’s children and the poverty of the women generally results in the physical and social underdevelopment of their children. Experience shows that women are a good credit risk, and that women invest their income toward the well being of their families. At the same time, women themselves benefit from the higher social status they achieve within the home when they are able to provide income. For more information on the Microcredit Summit Campaign, please click here. To view all Angel Organizations of the Month, please click here.	Journey for Change: Empowering Youth Through Global Service is a volunteer program that recently took 30 at-risk youth from Bushwick, Brooklyn to Johannesburg, South Africa. Please click here to learn more. To support the year-long program, please click here. To view a CNN.com video of the participants in South Africa, please click here. To read Soledad O'Brien's Behind the Scenes: Out of Bushwick on CNN.com, please click here. To read Journey for Change participant blogs on CNN.com, please click here. To read the cover story on Journey for Change in Time For Kids Magazine, please click here To view pictures taken by Journey for Change Participants on Timeforkids.com, please click here To view Journey for Change photos, please click here. JOURNEY FOR CHANGE SPONSORS Sponsors Media Sponsors (RED) was created by Bono and Bobby Shriver, Chairman of DATA to raise awareness and money for The Global Fund by teaming up with the world's most iconic brands to produce (PRODUCT)RED branded products. A percentage of each (PRODUCT)RED product sold is given to The Global Fund. The money helps women and children affected by HIV/AIDS in Africa. Read about Annie Hausmann, a full-time volunteer living in Bergen County, New Jersey. Read about Linda Langstraat, Executive Director and founder of Adopt-A-Grandparent. The Sustainable South Bronx National Organization of the Month Free the Children International Organization of the Month New News out of Africa by Charlayne Hunter-Gault Higher Grounds Trading Co. is a company fueled by its social mission and driven by a passion for sourcing the highest quality coffees from around the world.
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