Stories written by Sam Daley-Harris

MICROFINANCE GROWS UP

The original Microcredit Summit was held in 1997. When delegates gathered nine years later at the Global Microcredit Summit in Halifax, Canada in 2006, it had just been announced that Muhammad Yunus would share the Nobel Peace Prize with Grameen Bank, the institution he founded decades before. A year earlier, the United Nations had celebrated the Year of Microcredit, and just one year later, the Microcredit Summit Campaign surpassed its goal set in 1997 of reaching 100 million of the world?s poorest families with credit for self employment and other financial and business services. Those were indeed heady times for microfinance.