Today marks 100 years since we first celebrated International Women’s Day. Remarkably, 100 years later, the world’s most prominent political and economic leaders are still calling for equitable investment in poor women around the world.
The term microcredit is multifaceted; it is difficult to define and refers to a wide variety of lending practices. Clients of microcredit borrow individually and in groups, known as self-help groups (SHGs); they borrow to invest directly in their business, or in their children’s education; they borrow to pay for healthcare, or build a personal home. Microcredit encompasses not only loans, but financial tools such as savings accounts and insurance.
As Oikocredit gears up for our upcoming event in Washington, DC this Friday, I find myself getting really excited. My anticipation has been mounting for a while, and not just because it’s going to be a great party (and everyone loves a party!). Considering all the press surrounding microfinance lately, I’m particularly looking forward to this Awareness Party as an opportunity to engage in discussion at a much-needed time.