Pro Mujer Announces $1 Billion Dollar Milestone at Annual “Giving Women Credit” Benefit
Friday, October 21, 2011
Pro Mujer, a non-profit, women’s development and microfinance organization dedicated to alleviating poverty and empowering women in Latin America, held its annual “Giving Women Credit” Benefit at Cipriani 42nd Street on Wednesday evening in New York City. Kathleen A. Corbet, Founder & Principal of Cross Ridge Capital, was recognized as “Humanitarian of the Year” and Manuel Medina-Mora, Chairman, Global Banking Council, CEO, Consumer Banking for the Americas, Chairman and CEO, Latin America for Banamex and Citi was honored as “Microfinance Partner of the Year.”
During her keynote address, Pro Mujer’s Chief Executive Officer Rosario Perez announced a major milestone. Over the course of its 21 year history, Pro Mujer has disbursed more than US$1 billion dollars in small loans averaging US$340 dollars. In addition to financial services such as savings, loans and insurance, Pro Mujer has provided business and empowerment training, preventive health education and primary health care to 1.6 million women and their approximately 6.4 million children and family members.
In making the announcement, Perez said, “Poverty is a complex issue that cannot be resolved with credit alone – nor can it be done alone. Reaching this $1 billion dollar milestone would not have been possible without the support of so many people in our mission to provide women living in impoverished communities with easy and convenient access to vital services that are either lacking or simply out of reach. Kathleen and Manuel are two such steadfast partners and I am pleased to recognize them both for their outstanding business and philanthropic leadership.