A first in 13 years: Microfinance reaches fewer of world’s poorest

The total number of microfinance clients fell from 205 million in 2010 to 195 million in 2011, a five per cent drop. The number of the poorest clients dropped even further.

World Economic Forum Photo: Michael Wuertenberg
Muhammad Yunus, the Nobel Peace Prize winner who established the Grameen Bank, at the World Economic Forum in Davos, Switzerland in January 2012.
Jean-Francois Tardif
Published: Wednesday, 02/13/2013 12:00 am EST

 

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