Does The Chiapas Project actually lend funds to the borrowers?
The Chiapas Project raises funds to support microfinance institutions (MFIs) located throughout Latin America. It is the MFI under the supervision of Grameen Foundation that serves as the lender for its clients and provides other support as well. Grameen Foundation’s connection with each MFI goes far beyond simply providing funding; it monitors their activities and results, provides training, support, and oversight to each MFI and helps to introduce MFIs to each other for peer support as well. The Chiapas Project’s donations are used by Grameen Foundation to support the MFIs participating in the Latin America initiative.
