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Hillary Clinton: Microcredit is a macro idea
Published on:Thursday, February 4, 2010 - 15:11
"Our destiny is strongly linked to the destiny of the poorest," says US Secretary of State Hillary Clinton, a strong supporter of microfinancing.
"Microcredit is a macro idea. This is a big idea, an idea with vast potential. Whether we are talking about a rural area in South Asia or an inner-city in the US, micro credit is an invaluable tool in alleviating poverty. Microcredit projects can create a ripple effect - not only in lifting individuals out of poverty and moving mothers from welfare to work, but in creating jobs, promoting businesses and building capital in depressed areas."
"Microcredit [...] has positive consequences on the entire community and creates a fertile soil for democracy to grow because women and men can hope in the future of the planet again. We must realize that our destiny is strongly linked to the destiny of the poorest on this planet!"
Source: Remarks at Microcredit Summit in Washington D.C., 3 February 1997.