Majority Markets Newsletter

Opportunities for the Majority is in a busy but very exciting time. I'm proud to say that we continue to break new ground with our projects. Highlights of our approvals this quarter include projects with finance company FINAE, which will give low-income Mexican students access to university education through specialized loans; Cooperativa Jardin Azuayo in rural Ecuador, a community-owned credit union that will finance social infrastructure projects; FEDECREDITO, a Salvadoran credit union through which we will support local entrepreneurs by modernizing historic marketplaces; Vision Banco, our first partner in Paraguay, which will help low-income people get loans for expanding or improving their homes; FOPEPRO, a regional fund that will provide loans to small farmers; and Tenda, a Brazilian retailer that plans to offer its low-income customers a variety of value-added services including credit, professional training and insurance products. We will keep you updated on these projects and more.

I last wrote to you at the end of 2009, when we were launching MajorityMarkets.org. So far, 2010 has been very busy here at Opportunities for the Majority. Read our second newsletter to find put what we have been working on.

I am very pleased to announce the launch this week of MajorityMarkets.org, a new website produced by the IDB’s Opportunities for the Majority initiative. In May, representatives from 22 organizations joined us here in Washington for our first Strategic Partners meeting. It was a great occasion for all the participants to learn from each other and hear about the work being done to promote innovative, entrepreneurial efforts to reach those at the base of the pyramid across Latin America and the Caribbean.