The Grameen Credit Agricole Foundation participated as a Founding Partner in the inaugural 60-Decibels Microfinance Index.
18,000 customers from 72 microfinance institutions across 42 countries were interviewed to measure outcomes of microfinance in five areas (access to financial services, business impact, household impact, financial management and resilience) in order to better assess the impact of microfinance institutions and to build benchmarks.
While microfinance generally succeeds in reaching people without access to financial services, improving their financial management and quality of life, as well as increasing their ability to face shocks, the outcomes in terms of business and household impacts are more mixed.
Find more about the results in a summary article on Forbes.com and download the full report on 60-Decibels website.