Five microfinance institutions support to more than 300,000 women in Bolivia

As reported in the the El Diario Economía in Bolivia:

A group of five microfinance institutions operating in Bolivia have provided resources in recent years to more than 300,000 women who have gained access to loans and receive basic health services, thereby improving the quality of life for their families. 



We are talking about CRECER, Banco Sol, Pro Mujer, EcoFuturo and Emprender.



A new report, the "State of the Practice of Integration of Health and Microfinance in Bolivia, Ecuador and Peru, 2013," will be presented on Friday at the Thematic Working Meeting organized by Procosi, according to a report released yesterday by Freedom from Hunger, an international development organization dedicated to developing innovative and sustainable strategies to support the efforts of the world's poorest families. The event will also celebrate 25 years work of Procosi, a local health network, in the field of health in Bolivia. 


The report includes findings from a survey conducted in 2011 with 24 microfinance institutions in Bolivia, Ecuador and Peru, which show that these institutions reach more than 630,000 women with a variety of interventions in the health field. It is noteworthy that almost 50 percent of this total, about 300,000 clients, are clients of the five Bolivian microfinance institutions. 



The Andean microfinance sector is now serving 7 million people living in poverty, working in both rural and urban areas where they provide loans and other financial services, and with it the opportunity to expand health services to remote unattended areas. 



The report also provides an analysis of the cost-effectiveness of these integrated health strategies adopted by CRECER that provides health brigades to their clients, at an annual cost of US$0.40 per client. By October 2012, they had provided approximately 12,000 Pap smears, colposcopy and other cervical screening tests during more than 800 health brigades, according to the report.

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