Though 2010 was a yr of unprecedented development in microfinance, it was additionally a yr of appreciable introspection because the {industry} grappled with questions of profitability, transparency and affect. Whereas a few of these questions have been overdue, they prompted many to re-examine their beliefs about how microfinance can and will adapt and reform. It additionally compelled the conclusion that the shut data of our shoppers’ lives and monetary wants—historically a trademark of microfinance—could have develop into secondary
to the push for larger numbers of shoppers.
Girls’s World Banking welcomed a dialogue of its dedication to an unwavering give attention to girls shoppers and their monetary wants. In reality, we had requested many of those similar questions of ourselves in 2007, whereas formulating a three-year strategic plan for 2008-10. It was lower than 12 months after Dr. Muhammad Yunus and Grameen Financial institution
have been awarded the Nobel Peace Prize, a time of pleasure and enthusiasm. Looking back our discussions on the three-year plan could seem prescient, however we selected to embrace our central mission of offering girls shoppers with entry to monetary services as an vital step alongside the trail out of poverty. As we embark on our subsequent three-year
strategic plan, we’re proud to have fun our achievements,which embrace:
• All WWB community members signing a pledge to offer socially accountable, clear, client-centered microfinance services. This contains our 5 new members and eight retail banks, increasing into 4 international locations in a number of the most underserved areas.
• Helping community members in offering a full suite of monetary merchandise, together with microinsurance and financial savings—particularly financial savings for women.
• Working to construct principled, visionary management industry-wide by launching the Middle for Microfinance Management.
All through this doc we are going to present you the way we delivered on our targets and the way we intend to
construct on these achievements through the subsequent three years and past. Our conviction stays one in every of
offering girls shoppers with an array of merchandise, and the monetary training to grasp them, as
one of the simplest ways to make sure that microfinance builds on its earliest beliefs and promise.
Mary Ellen Iskenderian
President and CEO, Girls’s World BankingDownload the English Model
