Running against the current

Running against the current is in the DNA of Microfinance (MF): while commercial banks have fancy buildings, we only have a laptop and point-of-sale printer; in the finance industry, customers go to the Banks, at MF we go to our associate’s rural communities; commercial banks typically loan to men, while in MF 98% of our associates are women;

Financial health

Here in Microfinance (MF) we believe that the very simple act of putting apart a fixed percentage of your income (ie saving) can make the difference between having good financial health or otherwise having “debtitis” (ie a well known disease, quite common around the world, that shows up when you need to use a significant part of your income to pay back debt).

After five years…

During these years the business grown and consolidated. With the aim of reaching more clients they decided to move the business from the rural community of Buenos Aires to downtown Jarabacoa. Today they are serving some of the biggest clients in the city, including several public schools.

Microfinance Store

This summer has been also a time to invest in our associate’s businesses from a different optic: launching the Microfinance Store, our particular business-lab where our associates can test if their products may be successful in the market.

Availability of financial information

Johanna is 35 years old. She has a 10 years old son, is a single mother and lives in the community of Hatillo. She has been part of the Microbank La Union for the last 3 years and runs a beauty salon. Johanna has been involved in the beauty business for the last 15 years…

How the environment might limit your potential

Emelina is one of the associates of MiBanco La Esperanza, in the community of Los Higos. Emelina is 22 years old, is married, has two sons and she joined Microfinance two years ago. Emelina is a skilled woman with an awesome talent for sewing. Thanks to her work manufacturing purses, she has been able to…