Micro Credits [OLD]

Micro Credits

Quito - 2007 - International Conference on MicrofinanceOBRAR has always fomented micro-credit, which allows the secluded sectors of the traditional finance system to have access to credit and other advantages typical from the system. The prime objective of the micro credit institutions must be orientated mainly in reducing credit costs and improving the services provided.  In this stage of the global economic evolution, micro credit must achieve the best quality, and be accessible for large sectors of society in order to obtain financial security and get rid of poverty.

Therefore, micro finance is an essential instrument to revitalize growth in the emerging markets and help the most vulnerable sectors of the people.  In this field OBRAR works together with other specialized Latin-American Institutions, also engaged to the most vulnerable sectors of the continent.