MICROCAPITAL STORY: Pro Mujer to Mark 18 years of Microfinance during 2008 Benefit Event

Pro Mujer, an international microfinance organization serving women in Latin America will hold its 2008 benefit celebration in New York City on October 30th. The event will celebrate Pro Mujer’s 18 years of operation and over one million women served.

“Pro Mujer’s package of loans and healthcare services are a lifeline to the everyday survival of many of our clients,” said Rosario Pérez, Pro Mujer’s Chief Executive Officer.

The nonprofit operates on the philosophy that empowering impoverished women is a key building block in ending poverty and creating more just societies. Its networks of microfinance institutions in Latin America offer of financial and human development services which are self-sustained through reinvested profits. The organization also focuses on providing healthcare programs to poor women. Pro Mujer Nicaragua provided its members with PAP screenings, and provided medical treatment to those with pre-malignant diagnoses.

Pro Mujer was founded in 1990, and has an MFI network set throughout Latin America with a total loan portfolio of USD 39.6 million in Argentina (USD 669,000), Bolivia (USD 21.4 million), Mexico (USD 5.1 million), Nicaragua (USD 3.9 million) and Peru (USD 8.5 million). It reports to the MIX Market database of microfinance institutions, and in 2006 reported USD 39.4 million in total assets.

For more information on microfinance projects by Pro Mujer, please refer to this Microcapital story.

By Yrenilsa Lopez, Research Assistant

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