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UNITED NATIONS CAPITAL DEVELOPMENT FUND Microfinance |
Issue 16 / September 2005 |
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Quote of the Month:
“You know that mantra, "Give a man a fish, he'll eat for a day. Teach a man to fish, he'll eat for a lifetime"? It's missing something: microfinance is the fishing rod, the boat, the net, etc. Cash and dignity, side by side… Maybe the mantra should be: "Give a man a fish, he'll eat for a day. Give a woman microcredit, she, her husband, her children and her extended family will eat for a lifetime." - Bono, The New York Times, September 21, 2005
In Focus: Microfinance and the Millennium Development Goals (MDGs)
Q&A on Microfinance and the MDGs Outcome Document, LDC Chairman, and Others Emphasize Access to Financial Services
International Year of Microcredit Report Advocates Shift from Poverty Alleviation to Wealth Creation
Increasing Private Credit Shown to Reduce Income Inequality
Recent Empirical Evidence
A Concrete Look at the Challenge of More Effective Aid (Not Just More Aid)
The Majority Include Access to Financial Services
Microfinance Plays Strong Role in Mongolia's Poverty Reduction Strategy
Incorporating Microfinance into Kenya's Economic Recovery Strategy
Q: While the connection between microfinance and poverty alleviation is considered a given within the microfinance industry, do we really have hard evidence to prove microfinance helps achieve the Millennium Development Goals?
Also Inside:
Event to Draw Financial Sector Leaders from All Over the World Demonstrates Commitment to Achieving the MDGs Unique Resource Provides Standardized Summaries of National Microfinance Sectors Celebrating Entrepreneurs as the Country Rebuilds Edited by Samuel Munzele Maimbo and Dilip Ratha Edited by J. Michael Finger, Resident Scholar, American Enterprise Institute, and Philip Schuler, Development Research Group, World Bank Updates on Initiatives and Activities In the Next Issue: Microfinance and the Private Sector |
