Grameen Foundation : Where we work : Latin America / Caribbean : El Salvador : Las Melidas
Las Melidas
| Status snapshot as of March 2008 | |
| Active clients | 1,385 |
| Loan portfolio (USD) | $297,236 |
| Portfolio At Risk >30 days* | 15% |
| * Value of all loans outstanding that have one or more installments past due more than 30 days | |
Established as a nonprofit organization in 1992 in San Salvador, Las Mélidas works to transform the socioeconomic conditions of Salvadoran women by providing microfinance, as well as health and education services.
Outreach:
Las Mélidas’ currently has 1,750 clients and has a Gross Loan Portfolio of $174,635
as of December 2007.
Grameen Foundation support:
As of December 2007, Grameen Foundation has lent a total of $97,000 to Las Mélidas. Grameen Foundation also supported the installation of automated management information system software to help bring their accounting systems up to date and provide automated accounting and portfolio management, and other banking functions.
Grameen Foundation : Where we work : Latin America / Caribbean : El Salvador : Las Melidas
Grameen Foundation uses microfinance and innovative technology to fight global poverty and bring opportunities to the world's poorest people. With tiny loans and financial services, we help the poor, mostly women, start businesses and escape poverty. Our global network of 55 microfinance institution (MFI) partners including our Growth Guarantee partners has touched more than 34 million people in 24 countries. In addition, we introduced and now sustain technology initiatives (Mifos and Village Phone) in Cameroon, Kenya, Rwanda, and Uganda, bringing our total country outreach to 28.
+1-202-628-3560 www.grameenfoundation.org
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