Word: calied
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Melba Lucy Montenegro was poor but ambitious. The 29-year-old mother of three dreamed of opening a bicycle factory in her hometown of Cali, Colombia. But when she asked several banks in the region for a loan, they refused her because she lacked collateral. Then she heard about a group called Women's World Banking, which agreed to guarantee up to 75% of any loan she received. With the group's backing, Montenegro found a bank that was willing to lend her $3,125. Eight years later, she owns three bicycle-repair shops and employs 18 people. "The world...
DRUGS FOR YEN. Colombia's Cali drug cartel, seeking to beat out the rival Medellin cartel, has been recruiting U.S. traffickers willing to go on a long journey. Destination? Japan, a nation ripe for exploitation. Cocaine sells there for $85,000 a kilogram, in contrast to $17,000 in Miami. Japanese police, according to a secret Drug Enforcement Administration cable, do not have a simple computer system to store criminal histories, much less one that can analyze telephone toll records or trace money-laundering trails...
Goin' Back to Cali...
...pact with the government last year and stepped back into civilian life. Former leaders Carlos Pizarro Leon-Gomez and Antonio Navarro Wolf now want to run for office in the country's March 15 municipal elections. Pizarro Leon-Gomez hopes to become mayor of Bogota; Navarro Wolf mayor of Cali. But they face a serious obstacle: impending trials for crimes that include the spectacular 1985 takeover of Bogota's Palace of Justice and the 1988 kidnaping of former presidential candidate Alvaro Gomez Hurtado. Gomez was released unharmed eight weeks later...
Last Nov. 27, an Avianca Boeing 727 was bombed out of the sky minutes after takeoff from Bogota on a domestic flight to Cali. The explosion killed all 107 people on board...