According to the World Bank 2008 report, almost half of the world’s population- over 3 billion people- lives on less than $2.50 a day. The poorest 40 percent of the world’s population accounts for 5 percent of global income, while the richest 20 percent accounts for three-quarters of world income (Human Development Report 2007). Microfinance offers those who were previously considered “un-bankable” because of their lack of collateral, an opportunity to expand their businesses, increase their incomes, and transform their lives.
We are excited to announce that we just concluded our research on the topic of microfinance where we looked at microfinance nonprofits working at the international level. In the end, our 131 experts identified 12 top microfinance-related nonprofits. These organizations include loan providers, information research organizations, online platforms, consulting practices, and more. You can check out the list here.
What’s particularly interesting about these results is that the experts allocated almost 20% of the entire microfinance Expert Mutual Fund to ACCION International! Next was Grameen Foundation receiving 11%, and then four organizations receiving 9%. This is the first time we’ve seen such a jump in allocation levels between the top two organizations in a social cause.
We’re still in the process of collecting the expert biographies to add to the website, but in the meantime, you can get a sample of a few folks who participated with their names, titles, and organizations here. You’ll also find some more of the expert network statistics such as: the experts had a total of 1414 years of experience which is an average of 10 years of experience.
We invite you to learn more about these great nonprofits and consider supporting microfinance through the Expert Mutual Fund!