Posted on September 24, 2009 - by boris
What is the future for microfinance?…
Pro Mujer, an organization that funds microcredit cooperatives in Latin America, also provides women’s health screenings, using a special van retrofitted with medical consultation rooms and staffed by a nurse and doctor.
The vans travel into remote parts of southern Peru, combining financial help with preventative health care and education.
It’s based on a simple fact that people who are poor tend to get sick, and people who are sick easily become poor, or deeper in debt. Rick Beckett, CEO of Global Partnerships, gave the example of Pro Mujer’s work at a talk last night about the future of microfinance.
About 150 million people around the world have borrowed money through the system of microcredit pioneered by the Grameen Bank. Once the model showed promise, investors started flocking to it.
Source: http://seattletimes.nwsource.com/html/thebusinessofgiving/2009929529_whats_next_for_microfinance.html
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