January 23rd, 2014
04:57 PM GMT
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A nonprofit organization in Mexico called Envia is helping women in poverty by providing microloans. Envia founder Carlos Topete told CNN that he was inspired to start the organization by 2006 Nobel Peace Prize winner Muhammad Yunus, who pioneered the idea of microloans, small loans for poor borrowers with a zero rate of interest.

The program was launched in 2008 with 12 women and operating with Topete's own money. In three years, it has grown to serve 260 women in five different communities in the valley of Oaxaca. CNN's Rafael Romo reports.

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Filed under: Global Exchange


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