Grameen Foundation announces funding boost for microfinance activities in Latin America

Friday, March 28, 2014

US charitable foundation Grameen Foundation has announced new $500,000 match funding backing to aid its Last Mile Initiative, that’s helping lift communities from rural poverty, including farmers in Colombia and Guatemala…

Whilst Latin America has benefited from economic growth in recent years extreme poverty still exists, especially in rural areas…

Microfinance has been shown to be a proven means of tackling poverty by supporting small business growth in rural areas across Latin America, where agricultural workers are so often trapped in subsistence farming…

Source: Xperedon (link opens in a new window)

microfinance, poverty alleviation