Microfinance in Latin America and the Caribbean
From the first experiments of providing tiny loans to poor women in the early 1970s, microfinance has grown to become a sophisticated industry. In Latin America and the Caribbean alone, some 600 microfinance institutions have lent around $12 billion to more than 10 million low-income clients.
The IDB has been a pioneer in promoting microfinance throughout the region. Over the past two decades its Multilateral Investment Fund (MIF) has underwritten the expansion of leading microfinance networks and fostered many of the innovations that enabled the development of this dynamic industry.
By the numbers
The total loan portfolio of more than 1000 microfinance institutions in Latin American and Caribbean, serving 20 million customers, rose to $40 billion at the end of 2012. More >>
EcoMicro, a program that works with microfinance institutions to develop green financial products, receives UNFCCC award. Dec 10, 2014
Global Microscope: Peru, Colombia, Chile, Mexico and Bolivia have among the world’s ten most conducive conditions for financial inclusion. Nov 6, 2014
- Bolivia. Expansion of the Financial and Development Services Model for Vulnerable and Rur. Dec 3, 2014
- Regional. Catastrophic Microinsurance Regional Project. Sep 26, 2014
- Colombia. Developing Business Format Micro-franchising Models for Low Income Populations. Jul 23, 2014
- Regional. MIF Regional Events- FOROMIC / MASTERCARD. Jan 22, 2014
- Regional. Promoting the Economic Empowerment of Low- income Populations through Microenter. Sep 4, 2013