Global Exchange, Rafael Romo
A nonprofit organization in Mexico called Envia is helping women in
poverty by providing micro loans. Envia founder Carlos Topete told CNN
that he was inspired to start the organization by 2006 Nobel Peace Prize
winner Muhammad Yunus, who pioneered the idea of micro loans, small
loans for poor borrowers with a zero rate of interest.
The program was launched in 2008 with 12 women and operating with Topete's own money. In three years, it has grown to serve 260 women in five different communities in the valley of Oaxaca. CNN's Rafael Romo reports.
The program was launched in 2008 with 12 women and operating with Topete's own money. In three years, it has grown to serve 260 women in five different communities in the valley of Oaxaca. CNN's Rafael Romo reports.
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