Displaying all posts by Carlos Danel
May 12, 2011
In 1990, Carlos Danel and Carlos Labarthe co-founded Compartamos—which means "let's share" in Spanish—to provide poor residents of Mexico with access to economic opportunities. At its inception Compartamos was a nonprofit organization serving mainly indigenous rural women in some of the poorest regions in Mexico. The company has since evolved into a commercial bank.
October 14, 2010
We’ve all read the story of the poor woman who was unable to pay her bills and keep her children in school, until a microfinance institution came to her village and loaned her the funds to start her own business and become financially self-sufficient. Such stories communicate the promise of microcredit but they are, in the end, just stories. Reality is always more complicated.