Word: peru
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...field work has taken me all over the world - to Thailand, Bolivia, Peru. So I was surprised to be confronted by an unidentifiable species while having a sandwich in the museum's garden," Barclay says...
Rafael Llosa's company has been lending money to some of the poorest people in Peru for 30 years. It used to be a fairly lonely endeavor. Giving tiny loans to impoverished women to make ceramics or to farmers to buy milk cows was hardly seen as a great business...
...getting more of them, from directions he never could have anticipated. Last year the Spanish multinational BBVA raised some $300 million to invest in microfinance, then reached across the Atlantic to snap up two Peruvian firms. "Everyone wants to do this now," says Llosa. "And it's not only Peru. This change is everywhere. Everywhere microfinance is working, it's happening...
...Back in Peru, Mibanco now offers consumer loans. It pretty much has to. "Our main business is for microcompanies, but people also want to buy a TV or a refrigerator, and we need to have the capacity to give a loan," says Llosa. "If we don't, they will go to another institution...
...While Levitsky said he may eventually move back to Peru, his wife’s birthplace, he added that he has no immediate plans to leave...