Word: microbank
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...burgs like Santa Cruz build the kind of small enterprises that can jump-start more viable local economies. "There is too much entrepreneurial ambition in this country that never sees one peso of encouragement," says Roberto Hernandez, 29, whose metal-window-frames business was financed by the Santa Cruz microbank, which is called Xu Nuu Ndavi, or Poor People's Money in Mixtec...
...established the Self Employed Women's Association (SEWA) in 1972 in an effort to help working women become self-reliant through services ranging from job training to accounting assistance. SEWA provides low-interest loans through a pioneering microbank to promote entrepreneurship...
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