Microenterprise Results and Accountability Act of Microenterprise Results and Accountability Act of 2004 (H.R. 3818)2004 (H.R. 3818)
The legislation requires that 50% of all USAIDmicroenterprise resources benefit the very poor
The legislation defines the term very poor as thosehouseholds living in the bottom 50% below the nationallydefined poverty line or those living on the equivalent of lessthan $1/day (in Purchasing Power Parity (PPP)).
In addition, the legislation requires USAID to develop, fieldtest and certify no fewer then two low-cost methods for partner institutions to assess the poverty level of their currentand prospective clients.
All partner organizations applying for microenterpriseassistance from USAID will be required to begin using thecertified tools to determine and report the poverty level of current and prospective clients no later than
ctober 1, 2006.