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- Oliver Balch, Latin America Editor, 14 December 2006
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Microcredit - Embracing an Asian model
Microcredit is best known for the advances it has made in Bangladesh and the rest of Asia. But lending to the poor in Latin America is attracting increasing attention and the question is whether commercial banks will join the trend
Trade was not always so brisk, 34-year-old Seraphen says. With no access to capital, she was unable to buy much stock and could not earn enough to send her three children to school.
With a small loan from Fonkoze, a specialist microcredit organisation, she has been able to increase her merchandise and seen her profits go up as a result.
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