Most microfinance organizations serve what we define as the extreme and the moderate poor. These are individuals living below the poverty line earning less than $1 per day in the poorest countries and less than $2 in middle-income developing countries. Unlike the destitute poor, these individuals may not have to worry about the basic necessities such as food, water, shelter, and clothing all year round, but they are still vulnerable to adverse effects that interrupt their income such as ill health, lack of education, and natural disasters as described earlier. While they are served by microfinance organizations, they can benefit from additional support to help them become more sustainable clients and have an increased likelihood of success. Incorporating elements of Grameen Bank and BRAC’s successes at synergizing various empowerment interventions with the provision of microfinance (often through related companies), organizations such as Pro Mujer and Fonkoze and others have attempted to link microfinance with health, education, and natural disaster relief and prevention.
Microfinance: A Platform for Social Change by Marge Magner March 2007 Grameen Foundation
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Grameen Foundation
(Visit Grameen's Website)
Grameen Foundation's mission is to empower
the world's poorest people to lift
themselves out of poverty with dignity
through access to financial services and
to information.
With tiny loans, financial services and
technology, we help the poor, mostly
women, start self-sustaining businesses to
escape poverty. Founded in 1997 by a group
of friends who were inspired by the work
of Grameen Bank in Bangladesh, our global
network of microfinance partners reaches
over 3.6 million families in 25 countries.
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