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Unformatted text preview: Microcredit Primer INTRODUCTION We met Sonia Gutierrez Vlandon during the summer of 1998 while volunteering with FINCA International (one of the largest microcredit organizations in Latin America) in steamy Nicaragua. She had been living in a small dilapidated home with her husband and six children ever since the Sandanista government had provided the land to her family. Across the dirt access road into her neighborhood was a large pineapple field. Since moving to the area she had been purchasing pineapples on credit (and paying an obscene interest rate) and reselling them in the local area. She told me how she was never able to get ahead. In 1997 Sonia joined a group of FINCA Village Bank borrowers called La Arroyito (Spanish for little stream) that met at the home of a neighborusually under a large shady tree. After a few initial training sessions Sonia received a microloan for the home of a neighborusually under a large shady tree....
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This document was uploaded on 10/26/2011 for the course ETHICS 390 at BYU.
- Fall '11