Our Work in South America
Throughout Bolivia, indigenous groups, along with farmers’ associations, women’s groups and others are working to find innovative approaches for alleviating the endemic poverty afflicting millions in the region – in Bolivia, it is estimated that 65 per cent of the population lives on less than a dollar a day.
Crossroads International is working with local microfinance organizations to support community economic development and to ensure producers, women’s groups and people in rural communities have access to financing for small business initiatives.
Crossroads is also working with partners to support the creation of communal banks which allow communities to organize, pool their resources and invest in community projects.
Community Economic Development in Bolivia
For ANED and Foncresol, microfinance is more than a tool to reduce poverty. It is a powerful agent for social change. In addition to managing and disbursing small loans (US$50 to $300) for farms and small businesses, both organizations work with communities to establish communal banks.