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PPAF to host Asia-Pacific Regional Microcredit Summit

Posted by Página do Microcrédito em 2 julho, 2007

ISLAMABAD, July 1 (APP): Pakistan Poverty Alleviation Fund (PPAF) will host the Asia-Pacific Regional Microcredit Summit here in partnership with Microcredit Summit Campaign from March 4-6, 2008.

PPAF sources told APP that the core themes of the microcredit summit are reaching the poorest, empowering women, building financially self-sufficient institutions and ensuring a positive and measurable impact on the lives of the poor and their families.

They said it will bring together microcredit practitioners, advocates, donor agencies, heads of international financial institutions, non-governmental organizations and others involved with microcredit from around the globe to promote best practices in the field to stimulate exchanging of knowledge and facilitate work towards reaching the goals of poverty alleviation in the world.

Microcredit programmes offer a combination of services and resources to the poor including savings facilities, training, networking and peer support which allow families to work to end their own poverty, they remarked.

The added that originally launched in 1997, the Microcredit Summit Campaign is committed to reaching 175 million of the world’s poorest families with credit for self-employment and other financial and business services, ensuring 100 million families rise above the $1 a day threshold and lifting half a billion people out of extreme poverty by 2015.

Currently, around 1.2 billion people (roughly 240 million families) are living on less than $ 1 a day.

PPAF partners have has the largest share of over 50 per cent of the total market in microfinance services to the poor and marginalized communities across the country.

PPAF has so far disbursed Rs 15.53 billion among the poor to help them carve out their future.

At microcredit summit 2006 held in Halifax (Canada), the largest microfinance institutions – BRAC, FINCA International, Opportunity International, Association of Asian Confederation of Credit Unions and PPAF- pledged to work with the Microcredit Summit Campaign to devise and implement credible methodologies to measure progress of clients towards $ 1 a day threshold.

Prime Minister Shaukat Aziz also addressed the summit delegates and joined leading heads of state/heads of governments for their support for the campaign goals of wider, inclusive access of the poor to financial services.

They called on governments across the world to embrace this revolutionary mechanism for empowering people in extreme poverty.

Source: http://www.app.com.pk/


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