Publisher's Synopsis
More Pathways Out of Poverty explores new practices in microfinance, some of them revolutionary, and draws on the success of the industry to illustrate the challenges involved in lifting clients out of poverty. Taken together, the contributions from leading microfinance leaders and institutions serve as a map for ensuring that microcredit contributes powerfully to cutting absolute poverty in half by 2015. The chapters in this book show: how newly developed tools to cost-effectively measure US $1 a day poverty could also measure movement across the US $1 a day threshold; what the key components are to exponential growth so that MFI leaders, boards, funders, investors, and governments will be better able to fuel the end of poverty; how commercialization can push institutions away from working with the very poor and what can be done to avoid such situations; and how policy makers can work to ensure the expansion of services that work for the poor.
