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The magazine devotes its second issue microfinance to social banking in Mexico (24/10/2012)

The University of Murcia welcomed today the release of the second issue of the Microfinance and Social Bank, which, led by professor of educational institution Angel Pascual Martínez Soto, devotes a special issue to microfinance in Mexico.

The publication, which funds Cajamar Foundation, came up with the intention of serving as a bridge of ideas on microfinance, social banking and development cooperation between the two shores of the Hispanic world.

In addition to the monograph, which includes an analysis of the situation in that country until concrete experiences told by their protagonists, the edition presented today at the headquarters of the Rectory includes other works of a general nature and theoretical-analytical.

As the article by Timothy W.

Guinnane, professor at Yale University, which compares German credit cooperatives in the late nineteenth century (the source of much of microfinance institutions in Europe) which are forming in poor and developing countries, and tells how those solutions are ignored by the current entities.

The number includes other aspects such as the situation of microfinance institutions in Latin America, the relationship between microcredit and women's empowerment and a balance of Spanish cooperation in microfinance from the institutional point of view.

The publication concludes with an analysis of the evolution of savings banks between 1997 and 2007, work that explains the causes of the crisis in the sector.

Francisco Cortes, director of Cajamar Foundation programs and Egidos Alfonso, director of Business in the entity Murcia, stressed the need to strengthen social banking and microfinance, "given that they can mitigate the effects of financial exclusion "said Cortes.

The editor of the magazine, Angel Pascual Martínez Soto, professor of Applied Economics at the University of Murcia, highlighted the pioneering nature, both in Spain and in the rest of Europe, of the publication, and its usefulness to cushion the financial problems, "which are the large slab that weighs on economic development and sustainability," he said.

The ceremony was also attended by the President of the Spanish Business Confederation of Social Economy (CEPES), Juan Antonio Pedroza, who recalled that the social economy is a way of doing business more ethical reason for, in his view, the increase in 25% of customers of credit unions over the past two years.

"Microfinance, said, not the poor finances, but an instrument of financing for SMEs and micro, and a help to get out of poverty."

The Vice Chancellor of Finance and Infrastructure at the University of Murcia, Antonio Calvo-Flores, Cajamar thanked by the launch of a magazine dedicated to microfinance, "In this situation of global crisis have more sense than ever," he said.

The vice president alluded to the involvement of the University with the social economy, which has resulted in the creation of the Department of Social Economy, the Chair of Corporate Social Responsibility and the Chair of Entrepreneurship, as well as the launch of the Master of Economic Development and International Cooperation.

Source: Universidad de Murcia. Fotos: Juanchi López

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