Latortue, AlexiaEl-Zoghbi, MayadaGähwiler, Barbara2012-08-132012-08-132009-12https://hdl.handle.net/10986/9487People at the very bottom of the economic ladder are often excluded, or exclude themselves, from microfinance. Their income is usually too low and unreliable to permit repayment of loans or investment in anything but basic food consumption. In some countries the very poor are served by safety net programs, which usually take the form of cash transfers, food aid, or guaranteed employment schemes. Starting in 2006, Consultative Group to Assist the Poorest (CGAP) and the Ford Foundation have been exploring how a 'graduation model' can create pathways out of extreme poverty, adapting a methodology developed by BRAC in Bangladesh. This brief discusses early lessons from the implementation of the graduation model.CC BY 3.0 IGOACCESS TO FINANCEACCESS TO FINANCIAL SERVICESAID EFFECTIVENESSCAPABILITIESDEBTDEVELOPMENT ASSISTANCEDEVELOPMENT BANKSDEVELOPMENT FINANCEDEVELOPMENT FINANCE INSTITUTIONSDEVELOPMENT PATHDISBURSEMENTSEQUITY INVESTMENTSFINANCIAL SECTORFINANCIAL SECTOR DEVELOPMENTHUMAN RESOURCESINCOMEINSTRUMENTINSURANCEINTERNAL SYSTEMSINVESTMENT FUNDSKNOWLEDGE MANAGEMENTLOCAL FINANCIAL MARKETSMANAGEMENT SYSTEMSMARKET INFRASTRUCTUREMICROFINANCEMICROFINANCE MARKETSMICROFINANCE PROGRAMSMULTILATERAL DEVELOPMENTPERFORMANCE INDICATORSPORTFOLIOPORTFOLIO PERFORMANCEPROFESSIONAL DEVELOPMENTRESULTRESULTSRETAIL FINANCIAL INSTITUTIONSRISK MANAGEMENTSUPERVISIONTARGETSTECHNICAL ASSISTANCETECHNICAL EXPERTISETECHNICAL SKILLSTRANSPARENCYUSESWEBWEB SITEImproving Effectiveness from Within : SmartAid for Microfinance IndexWorld Bank10.1596/9487