Initially, we never would have dreamed we would surpass the client outreach goal, but our partners reached 6.9 million families by September 2008—six months earlier than our target date. We are also rapidly moving toward success with our second goal. We commissioned the Progress out of Poverty Index,TM (PPITM) in collaboration with the Consultative Group to Assist the Poor (CGAP), Ford Foundation, and Michael and Susan Dell Foundation. The PPITM is based on an approach developed by Mark Schreiner of Microfinance Risk Management, L.L.C. The tool has been tested and is now being used in 21 countries, with another 15 set to launch. And, equally important, we have launched several innovative uses of technology to drive efficiency in microfinance institutions (MFIs) and connect poor communities to vital information. While making poverty a thing of the past seems like an impossible feat, the tenacity and determination of our partners and our stakeholders across the globe make us even more determined to succeed. Number of Active Clients
Region/ Country
Partner
2005
2009
Sub Saharan Africa
Nigeria
Development Education Centre (DEC)
35,557
Ghana
Sinapi Aba Trust (SAT)
79,216
Nigeria
Self-Reliance Economic Advancement Programme (SEAP)
56,139
Ghana
Maata-n-Tudu Association
12,402
Ghana
Grameen Ghana
6,131
Nigeria
Lift Above Poverty Organization (LAPO)
243,933
Ethiopia
Amhara Credit and Savings Institution (ACSI)
879,811
Ethiopia
Buusaa Gonofaa (BG)
35,528
Ethiopia
Specialized Financial and Promotional Institution (SFPI)
27,992
Sub Total SSA
1,376,709
Latin American and Caribbean Bolivia
Fondo de Desarrollo Comunal (FONDECO)
8,120
Dominican Republic
Fundacion San Miguel Arcangel, Inc. (FSMA)
2,601
10,664 N/A
Dominican Republic
Esperanza International
195
17,768
El Salvador
Las Melidas
1,300
1,930
Haiti
Fonkoze
24,990
206,826
Honduras
Fundacion Adelante
1,956
5,664
Mexico
Alternativa Solidaria Chiapas (AlSol)
3,224
17,759
Mexico
Centro de Desarrollo Comunitario (Centeotl)
895
2,154
Mexico
Grameen de la Frontera
1,308
5,358
Bolivia
ProMujer Bolivia
75,239
106,284
Bolivia
Crecer
Peru
EDPYME Confianza
101,483 62,444
Peru
EDPYME Edyficar
190,765
Peru
ProMujer Peru
USA
The Plan Fund*
144
USA
Project Enterprise
76
36
Sub Total AC
119,828
788,528
Total Active Clients (All Regions)
908,971
10,904,698
59,230
*MFI utilized Grameen Foundation products only.
9 www.grameenfoundation.org
163