President Felipe Calderon, the President of Mexico, recently announced that the 6 million families that are currently participating in Mexico’s public benefit program Oportunidades will be offered bank accounts with prepaid debit cards and the option to purchase life insurance. In towns with no banks, recipients will be able to access benefits via retail stores such as Liconsa or Conasupo.
By Ariana Malushi, Research Associate
Sources and Additional Resources
New America Foundation: “President Calderon Announces Largest ‘Banking the Poor’ Effort in the World”
http://assets.newamerica.net/blogposts/2011/president_calderon_announces_largest_banking_effort_in_the_world-61063
MicroCapital.org Story, November 4, 2011,“MICROCAPITAL BRIEF: Microfinance Bank Compartamos of Mexico Seeking Acquisitions in Microinsurance, Mobile Banking Arenas”
https://www.microcapital.org/microcapital-brief-microfinance-bank-compartamos-of-mexico-seeking-acquisitions-in-microinsurance-mobile-banking-arenas/
MicroCapital.org Story, October 3, 2011,”MICROCAPITAL BRIEF: Mexican Microfinance Institution Banco Compartamos Issues $147m in Long-Term Debt”
https://www.microcapital.org/microcapital-brief-mexican-microfinance-institution-banco-compartamos-issues-147m-in-long-term-debt/
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