Microcredit summit campaign report launched

Islamabad, Special Report by Mr. Ghulam Haider: About 13 million fewer of the worlds poorest families received access to microcredit and other financial services in 2011, says Microcredit Summit Campaign report captioned Vulnerability: The State of the Microcredit Summit Campaign Report 2011.

However, contrary to the global trends, microcredit sector has witnessed a robust growth in Pakistan, which has been ranked by the Economic Intelligent Unit among top countries for offering conducive environment for microfinance sector growth. As a sector developer, Pakistan Poverty Alleviation Fund (PPAF) is in the driving seat to control the trajectory and disbursed over Rs. 14 billion during the year under review resulting in an increase of Rs. 2,545 million in the outstanding loan portfolio and contributing almost 76 per cent of the total increase witnessed by the microfinance sector in Pakistan.

PPAF is the strategic and exclusive partner of Microcredit Summit Campaign for reporting and in terms of realizing its aims and objectives. Since its inception, PPAF has disbursed more than $850 million through 5.2 million microcredit loans. Currently, almost half of Pakistans microfinance market share is financed by PPAF through over 50 microfinance banks, microfinance institutions and other civil society organizations in 92 districts across the country.

It is for the first time since 1998, when the Microcredit Summit Campaign began tracking this data, the total number of clients and number of the poorest families reached has declined. The total number of clients was reported to have fallen from 205 million to 195 million and the sub-set of families living in extreme poverty, defined as less than $1.25 a day, from 137 million to 124 million.

Most other parts of the world saw moderate or slowed growth, with the exception of 1.4 million new clients in Sub-Saharan Africa. Despite this reverse in 2011, microfinance institutions still provided microloans to more than 124 million households living in extreme poverty. Assuming an average of five persons per family, this means that more than 621 million people were affected; this is twice the entire population of the United States.

The report argues that getting the industry back on track will require a new understanding of clients needs, preferences and aspirations as well as designing new tools for delivering products and services at lower costs.

The report highlights an ongoing challenge how does the sector more effectively connect with those around the world who are financially excluded. The Microcredit Summit Campaigns continued examination of innovative ways to reach underserved communities, like the potential of digital technology combined with appropriately designed products and services will be critical in accelerating financial inclusion.

The Microcredit Summit Campaign is a project of RESULTS Educational Fund a US-based advocacy organization committed to creating the will to eliminate poverty. The Campaign brings together microfinance practitioners, advocates, researchers, investors, donors and stakeholders to promote best practices in the field, stimulate interchange of knowledge, work towards reaching 175 million of the worlds poorest with microfinance and help 100 million poorest families lift themselves out of severe poverty.

As the lead institution for grassroot development in the country, PPAF works through civil society partner organizations to focus on the disadvantaged and marginalized across Pakistan. Adopting an integrated, multi sectoral, community-led, demand driven strategy, PPAF approach is to develop inclusive, representative, transparent and accountable institutions of the poor. The catalytic role of women in program design, delivery and impact is at the core of all interventions.

Social inclusion, political mainstreaming and empowerment of women form the bedrock of change and transformation by PPAF. Aggregation of their voices, awareness and education are fundamental to state-citizen relationships. Legal rights in the constitution and Shariah laws especially as they relate to divorce, property rights/inheritance, custody of children, voter registration and acquisition of national identity card are essential features of the social mobilization effort.

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Naxals: The Poorest People of India

The people in India’s mineral heartland are tribals, who are the poorest of the poor, and the government’s war against India’s indigenous people is a frightening and unjust one says writer-activist Arundhati Roy.

Article Source: http://www.markthetruth.com/minority-issues-in-india/163-naxals-the-poorest-people-of-india.html

Dalit Issues & Upcoming Census in Pakistan

Source:  http://www.markthetruth.com

12th June, 2009 – Hyderabad Press Club

A one day consultation “Census and its implication on Scheduled castes” was organized by Pakistan Dalit Solidarity Network (PDSN- an alliance of organizations and professionals/individuals working against discrimination based on religion or race) on 12th June, 2009 at Press Club…

Read full article at http://www.markthetruth.com/pakistan-today/63-dalit-issues-a-upcoming-census-in-pakistan.html

 

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Source: http://www.markthetruth.com
Zaheerul Hassan

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Read full article at: http://www.markthetruth.com/terrorism/22-black-cats-in-islamabad.html

Rising India or Falling India

Source: http://www.markthetruth.com

Written on February, 2007

India had successfully presented itself as a rising nation. But, for some reasons, they did not mention that India is rising from which axpect. India had made a significant progress in business and economy though but the impact of this progress is not visible inside India in any manner.
 
In the last 18 years, India’s foriegn reserves increased from 1 billion dollars to 266 billion dollars and also its per capita national income but the National Commission for Enterprises (NCE) had submitted that 77% of Indians…
 
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