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 >>
IDB and Calvert Foundation announce the launch of the Inter-American Opportunity Facility, groundbreaking $20 million investment partnership. Nov 18, 2015
Institutions from Bolivia, Chile, and Colombia win IDB Inter-American Awards for Financial and Entrepreneurial Innovation
Winners of the Inter-American Awards for Financial and Entrepreneurial Innovation to be honored at Foromic in Santiago October 26. Oct 15, 2015
- Argentina. Consolidation and Expansion of Njambre: Company builder of Social Enterprises.
- Brazil. Multisectorial Credit Program for the Sustainable Development of Amazonas.
- Barbados. Public-Private Partnership for the Preservation of Coral Reefs.
- El Salvador. Capacity building for MSMEs support. May 25, 2015
- Nicaragua. Microcredit for Expansion of Microbusiness and Extension of Basic Services in Ur. Dec 19, 2014
- Bolivia. Expansion of the Financial and Development Services Model for Vulnerable and Rur. Dec 3, 2014