Thursday, June 5, 2008

another example of (mostly) private financial sustainability for the poor

The Pro Mujer organization partners with government organizations, but their funding is not from the government:

"So none of the funding comes from the government?"
"Very, very little of it; very little of our fully financially sustainable institutions. Their funding comes from borrowing, from a diverse portfolio. And in Argentina, we have no money from the government, and that's a startup institution. Their money came from the Inter-American Development Bank, and from a board member who's a president of a local bank."
(Quote is from approx 28:00 to 28:30 of this talk; I thought at one point she said operations in all but one country are fully financially sustainable, but I couldn't find the quote.)

That's impressive.

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