Originally published: June, 2008
Source: Compartamos Banco
One year after its initial public offering (IPO), Compartamos Banco has released a letter to the microfinance community to share its core beliefs. Through this letter, Compartamos wishes to contribute to the debate prompted by its IPO, clarify its stand and be more accountable to the microfinance community.
Compartamos expresses as its core beliefs that:
- We believe in people.
- We believe that microfinance is finance and has to be sustainable.
- Economic value is a consequence of social value.
- The main contribution of microfinance is the expansion of the market.
- Microfinance has great economic value.
- The challenge of combating poverty is much larger than microfinance itself.
To read the complete letter, please download the document below.
