Microfinance stands as one of the most promising and cost-effective tools in the fight against global poverty.
Microcredit has shown how you can reach out to people that conventional banking cannot. It has demonstrated that it's a doable proposition.
At the most basic level, the key to ending extreme poverty is to enable the poorest of the poor to get their foot on the ladder of development.
Microcredit is about giving hope.
When combined with information and communication technologies, microcredit can unleash new opportunities for the world's poorest entrepreneurs and thereby revitalize the village economies they serve.
This is not charity. This is business: business with a social objective, which is to help people get out of poverty.
Microfinance is an idea whose time has come.
Microloans enable the poor to lift themselves out of poverty through entrepreneurship.
The key to ending extreme poverty is to enable the poorest of the poor to get their foot on the ladder of development. The ladder of development hovers overhead, and the poorest of the poor are stuck beneath it. They lack the minimum amount of capital necessary to get a foothold, and therefore need a boost up to the first rung.
Microfinance recognizes that poor people are remarkable reservoirs of energy and knowledge, posing an untapped opportunity to create markets, bring people in from the margins and give them the tools with which to help themselves.
Microfinance recognizes that poor people are remarkable reservoirs of energy and knowledge
If you do microcredit with men, they tend to quickly drink it. They don't pay you back.
My vision for the future? Two things: to make credit a human right so that each individual human being will have the opportunity to take loans and implement his or her ideas so that self-exploration becomes possible. And second: that it will lead to a world where nobody has to suffer from poverty - a world completely free from poverty.
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