Commitment to Action

Measuring Progress Above the US a Day Threshold

Commitment by

Microcredit Summit Campaign

In 2006, the Microcredit Summit Campaign committed to enroll the world's 20 largest microfinance institutions (MFIs) in a program to train them to measure whether their clients started below $1 a day and moved above that threshold. This program is an effort to fuel the achievement of the Millennium Development Goal on poverty reduction.
In an effort to fuel the achievement of the Millennium Development Goal on reducing by half the number of those living on less than $1.25 a day (previously identified at $1 a day), the Microcredit Summit Campaign committed to a second Campaign Goal to help lift 100 million families above the $1.25 a day threshold. In light of the recent progress shown by the World Bank in reaching this first Millennium Development Goal , the Campaign is evaluating its progress and strategy in this effort. Major benchmarks will now be considered based on region-level progress, which as shown by the World Bank is widely variant. In effect a major new phase of the project to measure progress out of poverty is being undertaken by the Campaign.

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Overview
Summary

Commitment

Measuring Progress Above the US a Day Threshold

Launched

2006

Est. Duration

10 year

Estimated Total Value

$1,772,000

Region

Northern America

Countries

Global

Commitment by

Microcredit Summit Campaign

Partner(s) of the Commitment Maker(s)

RESULTS Educational Fund