Cablegate: Global Microfinance Partnerships: Bolivia/Opic

VZCZCXRO7334
PP RUEHLMC
DE RUEHLP #0612 0772158
ZNR UUUUU ZZH
P 172158Z MAR 08
FM AMEMBASSY LA PAZ
TO RUEHC/SECSTATE WASHDC PRIORITY 6865
INFO RUEHQT/AMEMBASSY QUITO 6042
RUEHSN/AMEMBASSY SAN SALVADOR 1812
RUEHGT/AMEMBASSY GUATEMALA 0649
RUEHTG/AMEMBASSY TEGUCIGALPA 0554
RUEHME/AMEMBASSY MEXICO 2229
RUEHMU/AMEMBASSY MANAGUA 0504
RUEHPE/AMEMBASSY LIMA 3640
RUEHLMC/MILLENNIUM CHALLENGE CORP

UNCLAS LA PAZ 000612

SIPDIS

SIPDIS

E.O. 12958: N/A
TAGS: EINV BL ECIN ES GT HO MX NU PE
SUBJECT: GLOBAL MICROFINANCE PARTNERSHIPS: BOLIVIA/OPIC

REF: SECSTATE 22448

1. Embassy La Paz supports the Overseas Private Investment
Corporation (OPIC) initiative to support microfinance
institutions in Latin America. The three Bolivian
microfinance institutions (Crecer, Diaconia, and Pro Mujer
Bolivia) are non-profit, non-regulated NGOs that are
authorized to provide credit only and cannot accept deposits
from the public. All three entities are well-regarded within
the microfinance community in Bolivia. Currently
USAID/Bolivia is working directly with Pro Mujer Bolivia to
support the provision of basic health services, but not to
support the credit side of their operations. USAID/Bolivia
does not work with either of the other institutions. Post is
not aware of any potential ties to terrorism, money
laundering, corruption, or violations of the law for any of
the three institutions.
GOLDBERG

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