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 was a pioneer in promoting microfinance in this 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.
To increase financial inclusion, the IDB and the MIF are now helping the microfinance industry address challenges such as reaching underserved rural and marginal urban areas, expanding into “frontier markets” where it has least developed, and ensuring transparency in its operations.
By the numbers
The total loan portfolio of the Latin American and Caribbean microfinance industry rose to $12.3 billion at the end of 2009. More >>
Global Microscope 2013: Continued Growth and Innovation in Financial Markets for Low-income Populations
LAC region continues to perform well in the 2013 edition of the Global Microscope, a comprehensive report prepared by EIU with MIF support. Oct 2, 2013
President of Mexico and IDB President opened Foromic 2013 supporting and financing the sectors in Latin America and the Caribbean. Sep 30, 2013
- Regional. MIF Regional Events- FOROMIC / MASTERCARD. Jan 22, 2014
- Regional. Promoting the Economic Empowerment of Low- income Populations through Microenter. Sep 4, 2013
- Regional. Local Currency and Securities Market Financing for Microfinance Institutions. Jul 17, 2013
- Nicaragua. Institutional Strengthening for the Transformation of FUNDESER. Jan 18, 2013
- Nicaragua. Deepening Credit Services for Low-income Rural Sectors. Dec 18, 2012
- Haiti. Improving the Haitian Artisan Sector's Capacity to Respond Global Market Demand. Nov 14, 2012
- Pioneers in Microfinance (8:06)
Pioneers in Microfinance
A blog about finance inclusion
Experts at MIF and the IDB share their knowledge about the most effective financial resources that small business can use to improve their competitiveness.