In 1998, proclaiming 2005 as the International Year of Microcredit (resolution 53/197 of 15 December), the General Assembly of the UN requested that the Year's observance be a special occasion for giving impetus to microcredit programmes throughout the world. The Assembly asked all those involved in poverty eradication to take additional steps to make available credit and related services for self-employment and income-generating activities to an increasing number of people living in poverty. Governments, NGOs, the private sector and the media were invited to highlight the role of microcredit in poverty eradication, its contribution to social development, and its positive impact on the lives of the poor.

UN Resolutions and Documents

• UN Report: Role of microcredit in the eradication of poverty
• UN Resolution: International Year of Microcredit 2005
• United Nations - General Assembly Resolution 52/194
• Letter dated 30 June 1998 from the Permanent Representative of Bangladesh to the UN
• Implementation of the first United Nations Decade for the Eradication of Poverty (1997-2006) and draft programme of action for the International Year of Microcredit, 2005
• UNCDF: Building Inclusive Financial Sectors to Achieve the Millennium Development Goals - CONCEPT PAPER

Key Links to Organizations
Lead agencies for IYM2005:

• ° UN Department of Economics and Social Affairs (UNDESA)
• ° United Nations Capital Development Fund (UNCDF)
• The Microcredit Summit Secretariat

News and Announcements

• 4 Sept.: Microcredit and microfinance are important poverty reduction tools - Annan
• The Microcredit Summit Secretariat's draft recommendations for IYM2005 to be submitted to UN Division for Social Policy and Development. - completed

Related Information

• Millennium Development Goals (MDGs)

I just asked on the WEF Forum Blog how the world can contribute to eradicate poverty?

Rank_Country_______GDP per capita
1____Sierra Leone___$500
2____Tanzania______$550
3____Ethiopia_______$560
4____Somalia_______$600
5____Cambodia_____ $710
5____Congo, DemRep $710
7____Rwanda_______ $720
8____Comoros______ $725
9____Burundi_______ $730
10___Eritrea________ $750
10___Yemen________ $750
12___Madagascar____$780
13___Afghanistan____$800
13___Tuvalu________$800
15___Mali__________$820
16___Kiribati_______ $860
17___Zambia_______$880
18___Guinea-Bissau_ $900
19___Malawi________$940
19___Sudan________ $940
21___Nigeria________$970

Couldn't we from the Common Ground Common Sense or from coadunate help establish a kind of REAL DEAL CAM (click and mortar) Marshall Plan to help eradicate poverty in the poorest countries of the world?

microcredit was on discussion on wef. pakistan present itself as very successfull, and
the remarkable in pakistan is that the gender equallity is carefully protected this was
also subject in the discussion where ambassadors (sry the names) of egypt, iran, malaysia,
pakistan were teaching about their countries and of course india, bengal,

for swiss there was proposed that very easily the ahv/iv/bvg (social security) could
engage in microcredit and could be better of then how the performing was for the last
few years. the cs banking could confirm that this is surprising and there
was the proposal mentioned that the cs should go and learn from the
pakistani microcredit to learn about business. if i got it right?!?! i did

so the problem supose to be just in the confidence and this should just take time...
why take more time.... swiss is so unbelievable.... they can tell something very true
and then turn arrogant their back...it seems to me...and this one long livetime
it gets to much......

switzerland will be the last country to become how to say may be little bit update..

sorry to much switz......

sharon stone had some efforts to get them off their chairs
she keep on animating and slowly they got on their feet
and she made this effort for the concentrated money fload
tks nad by

When I first heard about microcredit, I thought how simple! It is the one thing that works and the best thing about it is that it reaches the people who need it. Following is one story that gives you an idea of how it works. There are other stories at the below link.

http://www.yearofmicrocredit.org/



Cambodia
A Sturdy Roof Overhead
Phorn Hun never had property of her own. She lived in a thatched-roof house along the fence of a pagoda. No one, not even private moneylenders, dared to give her a loan. In 1998, however, Mrs. Hun approached ACLEDA Bank and explained her unfortunate situation. She told them about her idea to start a noodle business and they offered her a loan of US$ 25. Only a few years later, Mrs. Hun’s profit’s enabled her to buy a small piece of land to build a wooden house with a metal sheet roof, a luxury she could never afford before. She is still an active borrower of ACLEDA Bank; she has since had ten subsequent loans. ACLEDA Bank gave Mrs. Hun a chance at a new and successful enterprise—and she capitalized.

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Sudsy,

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