For people living in poverty, microfinance offers a powerful way to transform their lives. It enables them to participate in the global economy through access to small-scale loans, savings, insurance and remittances. For three decades, microfinance has helped millions of poor people to increase their food security, educate their children, grow their businesses and build their assets, while stimulating their local economies. These financial services have also improved the status of women in many societies.
Despite this progress, more remains to be done. Less than 10 percent of the 2.6 billion people living on less than $2 a day have access to microfinance. Our goal is to expand access and increase the reach of microfinance to improve the quality of life for people of all ages.
Our microfinance program focuses on the following three areas to:
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