Microcredit: Blazing a path

Microcredit: Blazing a path

Bonds Loans Bolivia Special Reports

Home to one of the world’s most advanced microfinance industries, Bolivia has become a model for other Latin American countries looking for ways to help low-income earners start their own businesses. Ten years ago, the Andean nation was one of the first countries in the world to commercialize microfinance when BancoSol, once a non-governmental organization but now the biggest microfinance institution (MFI) in the country, started to offer loans to the poor. Today, the industry is flourishing, with more than a million clients.  “Bolivia would be a very different country if the microfinance industry did not exist,” says Néstor Castro, president of the country’s Association of Development Finan

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