ORALE COMPARTAMOS !
My name is Iveth Yanez, I was born and raised in Quito, Ecuador. I am a recent college graduate with a passion for development and a great interest in microfinance.
Until very recently, I was working in research and development in Ecuador and saw from first hard experience the need for opportunities that can help people develop their own capabilities. Working in the field of development, I realized that the only way for true development to occur is by giving the “poor” the necessary financial services that can help them put their creativity in ACCION and will encourage people to start or grow their own business.
The new paradigm in development usually comes associated with the common understanding that if “you teach a man to fish you will feed him a lifetime”. However, I have come to the realization that in order for a man to fish, he needs the necessary instruments to catch a fish, that is, for matter of this metaphoric endeavor, give people the financial opportunities to grow and sustain that growth. If financial services come in hand with capacity building and business education, our average street vendor and local shopkeeper can become a true entrepreneur with opportunities to grow, take risks and benefit from the outcome.
For the next two months, I will be working in Mexico city with Banco Compartamos, the biggest success story/controversy in the microfinance world, depending on what side you look it from. The bank, as of 2010 had 1,546,059 active borrowers, almost 98% woman. From a woman’s view, I say ! ! ORALE COMPARTAMOS!!
I will have the opportunity to visit the microentrepreneurs, listen to their experience and share with you their stories. Stay tuned for my next posts.
I Look forward to reading your commnents.