Summary: The Microcredit Summit Campaign welcomes TCP Global as the newest Campaign Commitment member, joining a global coalition to help 100 million families lift themselves out of extreme poverty. TCP Global commits to provide pro bono assistance to grassroots organizations desiring to integrate microfinance products into their existing anti-poverty programs.
WASHINGTON, DC (April 30) - The Microcredit Summit Campaign welcomes TCP Global as the newest Campaign Commitment member, joining a global coalition of organizations committed to specific, measurable, and time-bound actions to advance the Campaign’s goal of helping 100 million families lift themselves out of extreme poverty.
TCP Global is a pro bono consulting service working to assist other organizations in the replication of its successful microcredit model implemented under The Colombia Project. The Colombia Project helps individuals affected by the violence in Colombia to rebuild their livelihoods by partnering with grassroots organizations and integrating small loans into existing development interventions that target the poor and marginalized. In addition, The Colombia Project equips their partners with the tools, capacity, and funds to implement the microfinance component that complements the goals of the existing intervention. Thus, project participants are provided with start-up funds that complement the livelihood activities they are already engaged in, thereby benefiting from a multi-pronged attack on poverty.
"The TCP Global team is ready to apply lessons learned over the last 14 years to help other nonprofits add microloans to existing anti-poverty tool-kits," said Helene Dudley, chairwoman of The Colombia Project.
TCP Global will apply its wealth of experience to establish sustainable microfinance programs through pro bono assistance to organizations already working effectively in impoverished communities. Specifically, TCP Global will:
The Campaign looks forward to welcoming this new partner to our global coalition and sharing their progress towards the Commitment achievement at the 17th Microcredit Summit. This year’s Summit will be held in Merida, Mexico in partnership with the Ministry of Economy (Mexico) and its National Microentrepreneur Financing Program (PRONAFIM) and will focus on the theme of "Generation Next: Innovations in Microfinance."
Learn more about Campaign Commitments and the 100 Million Project.
About the Microcredit Summit Campaign
The Microcredit Summit Campaign (the "Campaign"), a project of RESULTS Educational Fund, is the largest global network of institutions and individuals involved in microfinance and is committed to two important goals: 1) reaching 175 million of the world’s poorest families with microfinance and 2) helping 100 million families lift themselves out of extreme poverty. The 100 Million Project (focused on Goal 2) was launched in response to World Bank President Jim Yong Kim’s call to end extreme poverty by 2030 and in recognition that full financial inclusion can only be achieved by targeting the extreme poor. The coalition of Campaign members announcing Commitments is aimed at motivating microfinance stakeholders to provide products and services that reach the extreme poor and facilitate their movement out of poverty. www.microcreditsummit.org
For further information:
Microcredit Summit Campaign
Jesse Marsden +1.202.637.9600
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