100 million of the world’s poorest families now reached with microfinance

The State of the Microcredit Summit Campaign Report 2009 was succssfully launched on January 26, 2009 in New York City. The report carried the exciting news that that more than 106 million of the world’s poorest families recieved a microloan in 2007, surpasing a goal set by the Campaign ten yeas earlier.

Here is what Nobel Prize Laureate and Grameen Bank Founder Muhammad Yunus said about the news: “This is a tremendous achievment that mny people thought was far too difficult to reach. What makes it even more remarkable is that loans to more than 100 million very poor families now touch the lives of more than half a billion family members around the world. That is half of the world’s poorest people.”

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