J.P. Morgan recently awarded a grant to Pro Mujer, an organization that supports low-income women in Latin America by providing them with loans to develop businesses, healthcare and training.
The grant includes funding to help them develop their internal systems for tracking improvements in clients’ businesses and satisfaction levels, using both quantitative and qualitative methodologies. This includes automating the loan processing for a tablet format, allowing Pro Mujer to have more data to better address their clients’ needsPro Mujer gives small loans to women to help them establish or expand a business.
The impact of that assistance touches a total of 1.1 million people, including their children and family members. Since its creation, Pro Mujer has given more than $1 billion in small loans and expanded to Argentina, Mexico, Peru and Nicaragua.
In 2014, the JPMorgan Chase Foundation made its largest contribution yet to Pro Mujer so that the organization could continue to expand its successful low-interest lending pilot program in Peru and launch the same in Mexico. The firm’s grant will allow the program to reach 2,000 women in Peru and 1,000 in Mexico.
The relationship between Pro Mujer and J.P. Morgan originates with the organization’s President and CEO Rosario Perez who worked at J.P. Morgan’s Latin America Private Bank for more than 20 years.