SDG1 focuses on ending poverty in all its forms everywhere by 2030, by ensuring that all men and women, in particular the poor and the vulnerable, have equal rights to economic resources, as well as access to basic services, ownership and control over land and other forms of property, inheritance, natural resources, appropriate new technology and financial services, including microfinance.

IFC's Overall Contribution to SDG-1 in Calendar Year 2019

501.1 billion USD towards Microfinance and SME loans

60.5 million Microfinance and SME loans
247.1 million people reached with infrastructure services - power generation, power distribution, water distribution, gas distribution, transport, and telecoms.)
55.3 million Patients served
5.5 million Students reached - 1.0m Women
3.5 million Farmers reached

 


IFC's Contribution to individual targets of SDG-1

1.4   By 2030, ensure that all men and women, in particular the poor and the vulnerable, have equal rights to economic resources, as well as access to basic services, ownership and control over land and other forms of property, inheritance, natural resources, appropriate new technology and financial services, including microfinance.


Examples of IFC projects contributing to SDG-1

Education Within Reach of All

Bringing entrepreneurship, innovation and jobs to marginalized communities in Colombia through tertiary education

UNIMINUTO’s 22,000 alumni  enjoy an employment rate of 82 percent within 6 months of graduation, above the 79 percent average for national universities. Quite a remarkable feat, when taking into consideration that 98 percent of the student population comes from the lowest three strata (out of six) of the Colombian socio-economic classification system. In many cases, the students are the first in their families to attend university. As further evidence of their inclusive business model, an impressive 70 percent of UNIMINUTO students are female. UNIMINUTO has successfully developed a formula for the private sector to service pent up demand for increased economic opportunities in neglected communities. Without UNIMINUTO, 100,000 students would not have had the opportunity to pursue a tertiary education degree, a vocational education certificate or a diploma of extension course. UNIMINUTO has achieved these outcomes through a financially sustainable model and today manages a healthy surplus, proving that it is financially feasible to provide tertiary education services to Colombians at the Base of the Pyramid (BoP).

Africa Schools Kenya

Improving school operations and the quality of education

A total of 718 private schools benefited from the ASK program, of which 61 received loans. School respondents to the questionnaire also reported impacts, particularly of school staff working together better as a team (82%), better teaching and learning in the classroom (82%) and teachers being more involved in school management (81%).