A crash course in changing the world.
Microfinance, apart from a source of funding, saving and insurance, is a tool to reduce gender gap. It has the power to improve the fate of women and socially marginalized section. This tool has the potential to secure food security. In words of Jean-Michel Severino, CEO of the Agence Française de Développement (AFD) and previously served World Bank as director for Central Europe and then as Vice President for Asia “These few lines came to my mind after one of our Board of Directors' meetings devoted, among other things, to a new participation in an important microfinance institution in Morocco - a country famous for its involvement in the sector. I have, for a long time, been an avid supporter of microfinance. And I am particularly proud of the important increase in the amount of investments made in this sector by my organization, AFD, over the past 20 years: through 60 projects and nearly 300 million euros invested, we have helped more than 1.5 million people make their way out of poverty. We now want to go further, encouraged in this by GCAP's very positive evaluation of our involvement. I see microfinance as a powerful tool against exclusion; it allows people who have been traditionally excluded from the financial systems to have access to credit. Great tribute must be paid to the pioneers of this revolutionary approach.” Let us propagate this tool through EVOKE platform.
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