through microfinance projects totaling US$260 million. The Bank also has piloted innovative programs that successfully reached the poorest of the poor, who couldn’t qualify for conventional micro-credit programs. The information is online at http://www.worldbank.org/sar
Data:
– 90% of micro-credit borrowers are women.
– 99% of micro-credit borrowers report increase in income, often by more than
15%
– 96% of micro-credit borrowers report improved quality of life
Looking forward:
Building on the success of the latest microfinance project, the Bank is processing a proposal for additional US$15 million to provide microcredit services to an underserved segment of the urban poor, mainly the rickshaw pullers affected by the ban on non-motorized transport on certain Dhaka roads.
Read the story at http://www.worldbank.org/sar
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