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 >>
Foromic, the region's leading forum on microfinance and entrepreneurship, to be held in Santiago, Chile, from October 26 to 28, 2015. Oct 2, 2015
MIF’s Women’s Economic Empowerment Initiative and NEXSO launch online competition for mentoring for women entrepreneurs
The MIF announces the opening on an online competition for mentoring programs for women entrepreneurs in Latin America and the Caribbean. Apr 2, 2015
- Argentina. Consolidation and Expansion of Njambre: Company builder of Social Enterprises.
- Barbados. Coral gardening as a sustainable business model to support reefs in Barbados.
- Brazil. Multisectorial Credit Program for the Sustainable Development of Amazonas.
- 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