World Library  
Flag as Inappropriate
Email this Article
 

International Year of Microcredit

International Year of Microcredit is a special event of the United Nations which took place in the year 2005. The event highlighted microfinance as an instrument for socioeconomic development.

The year was launched on November 18, 2004.

Goals

The United Nations Economic and Social Council proclaimed the year 2005 as the International Year of Microcredit to call for building inclusive financial sectors and strengthening the powerful, but often untapped, entrepreneurial spirit existing in communities around the world.

There are five goals associated with "The Year" which are:

  1. Assess and promote the contribution of microfinance and microcredit to the MDGs;
  2. Increase public awareness and understanding of microfinance and microcredit as vital parts of the development equation;
  3. Promote inclusive financial sectors;
  4. Support sustainable access to financial services, and
  5. Encourage innovation and new partnerships by promoting and supporting strategic partnerships to build and expand the outreach and success of microcredit and microfinance.

See also

External links

  • Official webpage. Text used with permission.
  • International Year of Microcredit 2005
  • International Year of Microcredit, 2005


This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.