"RADIM seeks to build an association of sustainable microfinance institutions providing credit to low income groups," writes ClearlySo on its web directory of social enterprises. "Its social aim is to address poverty and create economic opportunities for marginalised sectors of society."
Based in Ciudad Autonoma de Buenos Aires in Argentina, RADIM works with a variety of organizations including Omla tu oportunidad, Cordial Negocios, Alternativa, Banco Mundial de la Mujer and Emprenda Grupo in order to further its mission. While microfinance and microcredit organizations are typically thought of as having started in Bangladesh with the lead of Muhammad Yunus, it has expanded around the world and especially in Latin America. Often, as is the case with RADIM, microcredit is combined with the development of capital for the workers.
Contact Information
RADIM website
Low-Income Microfinance Associations
RADIM Works in Buenos Aires to Support Economic Development
Trend Themes
1. Sustainable Microfinance - Opportunity for creating an association of sustainable microfinance institutions to address poverty and create economic opportunities for marginalized sectors of society.
2. Microfinance Expansion - The expansion of microfinance and microcredit organizations, particularly in Latin America, and the potential to combine microcredit with the development of capital for workers.
3. Poverty Alleviation - The aim to alleviate poverty and create economic opportunities for marginalized sectors of society through microfinance and microcredit organizations.
Industry Implications
1. Financial Services - Opportunity for the financial services industry to provide sustainable microfinance solutions to low-income groups.
2. Social Enterprise - Potential for social enterprises to partner with microfinance institutions to create economic opportunities for marginalized sectors of society.
3. Non-profit Organizations - Opportunity for non-profit organizations to work with microcredit and microfinance institutions to alleviate poverty and create economic opportunities for marginalized sectors of society.