Herbert Müller, Chairman of the leading microfinance banks BancoSol, met with Evo Morales, one year after the inauguration of populist leaders, the president of Bolivia, and proceeds to write a letter to his counterpart of the board members. The Bank is a world-renowned for pioneering microfinance, while providing superior financial performance. Evo Morales Indian supporters see that as a response to the white oligarchy, which has long dominated Bolivia and as a champion of the oppressed, in the poorest country in South America. In the first year of his reign, he nationalized the oil and gas industry, established a constituent assembly to rewrite the constitution, and began to agrarian reform. The meeting between Muller and Morales is in the Bolivian banking association, where government officials, and not commit charge lower interest rates in microcredit, hope that rates will fall as quickly as possible. A week earlier, senior officials of the cabinet met with the President of the banking association, and expressed the hope that interest rates on loans in the banking system will be reduced to single digits. "Hide
by Michael Chu Source: Harvard Business School 5 pages. Publication Date: April 6, 2007. Prod. #: 307107-PDF-ENG
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