Region:
America
Category:
Politics
Article type:
Informed

Microcredit Summit in Mexico

Region:
America
Category:
Politics
Article type:
Informed
Author/s:
By Miguel Sangineto
Publication date:
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The Nobel Peace Prize winner Muhammad Yunus and representatives from 65 countries participate in the 17th Summit of Microcredit in Mexico

The Nobel Peace Prize winner Muhammad Yunus 2006, visit Mexico. Participate in the 17th Microcredit Summit which will start tomorrow in the city of Mérida, in the Yucatán.

Wednesday began in the city of Merida, the Microcredit Summit 17 in which is expected to involve more than 2,000 people between national experts and 65 countries.

The Congress themes for Microenterprise Development, a key driver of the economy and main generator of employment were addressed.

Renowned speakers will talk about the concept of "The Next Generation: Innovations in Microfinance" which include technology and innovation as relevant aspects.

The profile of the future leaders of microfinance and how to build safe for vulnerable customers markets: The Summit also addressed issues such as.

Summit also participate deputy director general for the prosperity of Colombia, Mariana Escobar. The executive director of public-private partnerships, MasterCard USA Tara Nathan and Larry Reed, Director of the Microcredit Summit.

Muhammad Yunus, Bangladeshi banker and economist, was awarded the 2006 Nobel Peace Prize, thus recognizing his great commitment to the fight against poverty, promoting economic and social development from below.

He decided to make personal loans to women who wanted to start commercial and craft activities. In 1983, he created the BancoGrameen or People's Bank, which in the past 20 years has lent over EUR 2,000 million to three and a half million poor; only people without land ownership can access such loans and more than ninety percent of them are returned successfully.