Thousands of microfinance institutions serve tens of millions of poor people in developing countries. Microcredit -- very small loans -- offers life-changing potential for the people who otherwise find it difficult to obtain loans from the traditional banking sector. While not a miracle solution to ending global poverty, successful microfinance makes vulnerable segments of the global population more resilient against periods of shortage or disaster. IPS reports on the effects of these investments and the individuals who are trying to work their way out of poverty.

IPS/IFAD Award for Reporting on Microfinance