Timeline of Microfinance

Events

Muhammad Yunus makes his first loan

1976

Grameen Bank formed

1983

Consultative Group to Assist the Poor (CGAP) formed

1995

Microcredit summit in Washington

1997

CERISE SPI - Social assessment tool created

2001

Microfinance Information eXchange (MIX) created

2002

"Year of Microcredit' UN

2005

Muhammad Yunus awarded the Nobel Peace Prize

2006

Microfinance crisis in India

2010

Principles for Investors in Inclusive Finance (PIIF) created

2011

The Universal Standards for Social Performance Management created

2012

Smart Campaign Client Protection Certification

2013