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The Microcredit Summit Meeting of Councils was held in New York City from 25-27 June 1998, a year and four months after the Microcredit Summit launched a global campaign to reach 100 million poorest families with credit for self employment by 2005. Participants from 97 countries attended this meeting.
The meeting of Councils which would be held annually until 2005 was designed to enable leaders in this global campaign to share and further develop bold Institutional Action Plans that contribute to the Summit's goal, address common problems being faced and exchange best practices in the work to achieve the Summit objectives. The participants reiterated their commitments of reaching the poorest families, specially the women of those families, through sustainable institutions that would make a measurable positive impact on the lives of clients and their families.
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