In Bolivia, Microloans Lift Thousands of Women from Poverty

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  Linet Claros Yevara, a resident of Mizque, a municipality in Bolivia with an 85 percent rate of extreme poverty rate, has seen her situation improve a lot lately.
  “My family eats better," she says. "Every day I give them fruit.”
  These improvements are thanks to the Semilla, or Seed, programme, a microcredit and skills-development programme financed by the Government of Spain (through the MDG Fund), and supported by the Bolivian Ministry of Justice.
  Bolivia has one of the highest levels of inequality of any country in the region, and indigenous women are the main victims of this dynamic of exclusion.
  Under an interagency intervention framework aimed at achieving the Millennium Development Goals in Bolivia, the microcredit scheme was managed by UNDP, while training and legal support efforts were implemented by UNIDO, FAO and UN Women.
  The intervention methodology developed during the four years of the Semilla programme (2009-2012) and based on Bolivia’s specific conditions will serve as the key blueprint for a new public policy framework design focused on reducing poverty and empowering women, says UNDP Bolivia Deputy Representative Claudio Providas. This policy is already being developed, with UNDP assistance, by the Minister of Productive Development, Teresa Morales.
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