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Grameen Foundation : Where we work : Latin America / Caribbean : Bolivia

Bolivia

The Need in Bolivia 

  • 23.2 percent of the population (2.2 million people) live on less than $1 a day.
  • 5.8 million people (62.7 percent) live below the national poverty line.
  • Bolivia ranks 115th among the world’s nations in the Human Development Index, an indicator of social well-being across countries.

With a per capita income of $1,075, Bolivia is one of the poorest countries in South America and its history has been marked by severe political turmoil. More recently, Bolivia has experienced strong economic growth due to hydrocarbon and mineral exports. The country is presently experiencing high levels of foreign reserves and low inflation compared to historical norms.

Bolivia has a strong history of microfinance and the highest rate of penetration in the region at approximately 28 percent (penetration gives the percentage of microenterprises that actually receive microfinance services). Microfinance is an integral part of the economy-at-large and the country has established a strong regulatory system.

Our partner microfinance institution in Bolivia: Pro Mujer and FONDECO

Bolivia success stories:

Pro Mujer featured on NBC Nightly News: Watch Video 



Grameen Foundation : Where we work : Latin America / Caribbean : Bolivia

- Grameen Foundation - Grameen Foundation uses microfinance and innovative technology to fight global poverty and bring opportunities to the world's poorest people. With tiny loans and financial services, we help the poor, mostly women, start businesses and escape poverty. Our global network of 55 microfinance institution (MFI) partners including our Growth Guarantee partners has touched more than 34 million people in 24 countries. In addition, we introduced and now sustain technology initiatives (Mifos and Village Phone) in Cameroon, Kenya, Rwanda, and Uganda, bringing our total country outreach to 28.

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