A new corporation intended to support poor families in Colombia has been created during the Regional Summit on Microfinancing in the city of Cartagena de Indias.
The bank will be known as Grameen Aval Colombia corporation and received a three million dollar starting capital of the Luis Carlos Sarmiento Angulo Foundation, whose namegiver, Luis Carlos Sarmiento Angulo, is Colombia's richest man.
The idea of the fund came from Nobel Peace Prize 2006 winner, Bangladeshi Professor Muhammad Yunus, who has experimented with the micro-loans in his own country and other Asian nations and knew to achieve a positive impact in marginalized communities.
Grameen, a Bangladeshi word that stands for "village", because the main benefesaries are farm families, has been proven already in Guatemala and Costa Rica.
Colombia is the first South American country to live this kind of microfinance experience thinking in the development of poor communities. Persons living in social disadvantage, especially women according to the Yunus' philosophy, would receive loans up to 1,000 dollars, while the bank counts with the participation of its own customers that can form small businneses.
It is expected that more than 15 thousand Colombians will be benefited with the Non-for-profit project.
muslam
said:
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... I am pleased to know that Grameen aval colombia intends to provide microcredit programme in its country. It will helpful for socio-economic development of poor families and increasing economic activities may takes a role in development of your country. I expect it will work as soon as possible.Thanks to all. |
