In 2017, a fascinating article appeared in De Standaard Weekblad on microfinancing in Latin America, in which young entrepreneurs from El Salvador and Honduras outline their life story, but also explain what microcredit means to them.
With bankers from here in Honduras and El Salvador
Forty years ago, a Bengali professor pulled poor compatriots out of debt thanks to the first microfinancing. Today, Belgian bankers are also following his example and offering a helping hand in Latin America. Not to appease some post-colonial conscience, but because it pays off. “While I can’t say that I’m rich, I can say that I’m much happier. My family is more comfortable thanks to our little company.”
Read the full article (the article is only available in Dutch)