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The Women's Development Bank
The Women's Development Bank (Spanish language, Spanish: ''Banco Nacional de la Mujer'' or ''Banmujer''), was established in Venezuela in 2001 to remedy the political, economic, and social disadvantages faced by women. The Bank offers both financial and non-financial services to women. The first President was Nora Castañeda. Financial services The bank provides small, low-interest loans, known as micro-credit loans, ranging from 500,000 to 1,000,000 Venezuelan bolívar, bolívares (500 to 1000 bolívares fuertes, US dollar, US$260 to $520) per woman, for the establishment of business ventures. Loans are not granted to individuals, but rather to groups of five to ten women. In this manner, the bank is ideologically aligned with Venezuelan President, President Hugo Chávez, by promoting community solidarity over individualism, which is associated with capitalism. The bank has provided over 40,000 such loans since its establishment. The bank also offers financial advice to women ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nora Castañeda
Nora Castañeda (12 June 1942 – 16 May 2015) was a Venezuelan economist and activist who was President of the Women's Development Bank from 2001 to 2015. Biography She was born and raised by her mother as one of six children; her father placed them in the care of a relative after her mother had first become pregnant. Castañeda joined the Socialist League (Venezuela), Socialist League in the 1970s. After marrying Jesus Rivero, she moved to Nicaragua and joined the Sandinista National Liberation Front during the later stages of the Nicaraguan Revolution. After the Sandinistas came to power in the early 1980s, she returned to Venezuela, joining the working class women’s movement. Throughout the 1990s, Castañeda became an advisor to and ally of Hugo Chávez. Her contributions to the policies during the 1999 Constituent National Assembly included women homemakers' rights to social security, as well as female pronouns being included in the Constitution of Venezuela. After her ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |