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Article

7 Apr 2010

Author:
Michael Onyiego, Voice of America

Nobel Laureate Urges Financial Services for Poor

Nobel Laureate Muhammed Yunus is calling on business, philanthropic and political leaders gathered in Nairobi to help eradicate poverty by providing the world's poor with access to financial services…Speaking to more than 1,500 delegates from 75 countries at the 14th annual Africa-Middle East Microcredit Summit in Nairobi, Nobel Laureate Muhammed Yunus called it a "landmark summit". He said it highlights the microfinance industry's success in the face of the global financial crisis…Microfinance is a movement within international development to provide financial services to the poor…The four-day summit will explore new ideas in poverty eradication…The Africa-Middle East Microcredit Summit is the latest in a series of regional summits held by the Microcredit Summit Campaign.