I recently read an article on microfinance and how microcredit loans transform the lives of women in Latin America. The articles is entitled “Microfinance Group Transforms Lives of Latin American Women.” As the article states the poorest women have very little options to better their lives and the lives of their families. But thru the concept of microloans the women are able to begin small businesses, learn about finances and banking, start savings accounts and help their family out of dire poverty. Some women start a bakery, a little snack store/tienda, a small restaurant, a sewing business or many other types of small businesses to help support their families.
Pro Mujer is the non-profit group that is working with about 180,000 women in Bolivia, Peru, Nicaragua & Mexico with plans to expand into Guatemala and Panama.
We applaud the efforts of Pro Mujer in raising the standard of living for thousands of women and their families.