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Latin America's First Commercial Microfinance Bank

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Latin America's First Commercial microfinance bank is BancoSol. The bank is very large on the national and international level. The bank works with small customer and gives the loans. The client Mrs. Jenny Maita has received a total of seven loans over the course of five years. Her first loan was for 45,000 Bolivianos and the last loan was for 100,000 Bolivianos. Mrs. Jenny Maita began with a stand in July 16 area, which is the largest business area in the city. Initially Mrs. Maita didn't own the stand or a house. Now, she owns three stands, a house and a vehicle. She was able to accomplish that because she was able to grow with the bank over the five years. She is just another example of the company's slogan "Together We Grow". She was able to start small working with the bank and grow and achieve her ...

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The solution examines Latin America's first commercial Micro-finance bank.