(Clinton Foundation) June 9, 2010 – President Bill Clinton, Frank Giustra and Oscar Von Hauske of the SLIM Foundation announced today the launch of Fondo Acceso, a USD $20 million fund for small and medium-sized enterprises (SMEs) in Colombia.“Colombia and Latin America are home to countless talented entrepreneurs. But, unfortunately, many of them lack access to the tools needed to scale-up their business, employ more people, and ultimately uplift their communities,” said President Clinton. “The fund we are announcing today will address this need, and provide more people with the resources they need to lift themselves and their families into prosperity.”
“In the last decade, NGOs recognized the opportunity to provide micro-credit to enterprising individuals in poor and marginalized communities,” said Frank Giustra. “We believe the SME focus by Fondo Acceso will establish a new paradigm for providing equity capital to this growing market, which we hope will be adopted by the financial community at large,” he added.
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Author: LAVCA
