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The Challenges of the Microfinance Industry

Against all odds, Microfinance BBVA has garnered 1,500 clients locally

1 de octubre de 2015 - 12:00 AM

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This content was published more than 9 years ago.
In a meeting with students and journalists at the University of Sacred Heart, the philanthropist stated that microfinances do not grow within the frame of a banking institution.
In a meeting with students and journalists at the University of Sacred Heart, the philanthropist stated that microfinances do not grow within the frame of a banking institution. (Andre Kang)

The founder and former director of the Microfinance BBVA Foundation, Manuel Méndez del Río Piovich, stated that making microfinances in Puerto Rico is a difficult task, due to the lack of a structured supply system reaching the most impoverished communities.

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