About Microfinance



This pyramid shows that 3 billion people, half of the world's population, live on
less than $2 a day. One billion people live on less than $1 a day.



Micro finance is growing exponentially!
10 million borrowers in 1998
180 million borrowers in 2009
84% are women

*Source: Micro Credit Summit Campaign


Dr. Muhammad Yunus, the 2006 Nobel Peace prize winner along with the Grameen Bank, began loaning small amounts of money to the poorest of the poor of Bangladesh in 1976. With tiny loans these impoverished people were able to begin to generate an income and break the devastating cycle of poverty. The Grameen Bank, which Dr. Yunus founded in 1983, has helped 7 million people in Bangladesh lift themselves out of poverty. Today there are about 10,000 micro finance institutions around the world helping over 180 million people.

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