Tuesday, November 07, 2006

Microcredit Summit 2006 About to Begin

Canada (my home and native land!) is host to the Global Microcredit Summit November 12 - 15, 2006.

This thing is a BIG deal in the Microfinance community.

In 1997, at the first Microcredit Summit, 3000 Microfinance "players" from all over the world came together to launch a global campaign to reach 100 million of the world's poorest families with Microfinancial services by the end of 2005.

It is now time to assess the progress that has been made on this lofty goal, hence the reason for the 2006 Global Microcredit Summit.

The organizers have published a report entitled "State of the Microcredit Summit Campaign Report 2006." Generally speaking, it's a good read, although -- at least in this writer's opinion -- it is somewhat reverential. Basically, the goal of 100 million was not attained. Positively speaking, the goal might be reached in the beginning of 2007.

The original Microcredit Summit campaign website is located at www.microcreditsummit.org. You can read previous reports, subscribe to a campaign newsletter, and access news stories. Of special note: there is a section that contains a significant portion of the "papers" or reports that will be presented at the 2006 Summit. It's an excellent resource for those looking to learn more about current Microfinance issues. Highly recommended!

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