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Viewing cable 07LAPAZ2829, BOLIVIAN WOMAN OF COURAGE NOMINEE

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Reference ID Created Released Classification Origin
07LAPAZ2829 2007-10-19 18:37 2011-08-25 00:00 UNCLASSIFIED Embassy La Paz
VZCZCXYZ0026
RR RUEHWEB

DE RUEHLP #2829 2921837
ZNR UUUUU ZZH
R 191837Z OCT 07
FM AMEMBASSY LA PAZ
TO SECSTATE WASHDC 5378
UNCLAS LA PAZ 002829 
 
SIPDIS 
 
SIPDIS 
 
FOR G/IWI (BOTTNER) AND WHA 
 
E.O. 12958: N/A 
TAGS: KWMN PREL KPAO PHUM PINR BL
SUBJECT: BOLIVIAN WOMAN OF COURAGE NOMINEE 
 
REF: STATE 126072 
 
1. Embassy La Paz enthusiastically nominates Carmen Velasco for the 
2008 Secretary's Award for International Women of Courage. 
 
Name: Marcela Maria del Carmen VELASCO de Torrez 
Title/Organization: Co-Founder and Executive Director/Pro Mujer 
DPOB: 20 March 1950, Bolivia 
Citizenship: Bolivian 
Address: Calle 6 de Obrajes, Esq. la Costenerita, #100 Piso 3; La 
Paz, Bolivia 
Phone: (591-2) 278-8654 
Email: cvelasco@promujer.org 
Passport no.: 338856 
 
2. Carmen Velasco has shown extraordinary leadership and 
perseverance as the co-founder of Pro Mujer (Pro-Woman), an NGO 
pioneer in microfinance for poor women in Latin America.  Her 
efforts have improved the lives of hundreds of thousands in Bolivia, 
Peru, Mexico, Nicaragua, and Argentina by providing credit, 
technical assistance for small businesses, and education and health 
services for women and their children. 
 
Velasco began her work in impoverished areas of Bolivia's altiplano 
with small groups of women who were beneficiaries of donated food 
programs.  These mostly-indigenous women were looking for solutions 
to their marginalization and socio-economic exclusion.  Pro Mujer 
was formed with a vision to help women meet their full potential and 
give them the means to provide for themselves and their families, 
eliminating their dependence on assistance programs. 
 
Pro Mujer was created when communal microfinance banks were still 
unproven and many specialists doubted their sustainability.  It was 
also different from other microfinance institutions because it 
served the economic needs of Bolivia's poorest women and their 
families.  Over the past 17 years, Velasco's NGO has steadily 
expanded its activities throughout Bolivia and beyond to Peru, 
Mexico, Nicaragua, and Argentina.  Currently, Pro Mujer 
International provides training and credit to over 159,000 women in 
Latin America.  Velasco personally designs training programs in 
health, family planning, business development, and empowerment for 
Pro Mujer's clients and their children.  With her founding partner, 
she developed Pro Mujer's "communal association" methodology, which 
allows the NGO to offer credit to first-time borrowers because of a 
peer-group guarantee.  Women form groups with people they know, and 
if one member is not able to repay her loan, the rest are 
responsible for helping her make that payment.  Over the last 17 
years, Pro Mujer has disbursed more than $327 million in small loans 
and provided health care to hundreds of thousands of women and their 
families--with an average loan size of $189 and a 99 percent payback 
rate. 
 
One of the Embassy's top priorities in Bolivia is to promote 
sustainable economic growth, prosperity, and poverty reduction. 
Carmen Velasco does this by working directly with some of Bolivia's 
(and Latin America's) most marginalized women, helping them not only 
to increase their economic opportunities, but to lead their lives 
with dignity, self-respect and hope. 
 
3. Ms. Velasco has been notified of this nomination and is very 
honored by it.  If chosen as the WHA "Woman of Courage" she would be 
willing to accept the award publicly and able to travel to 
Washington in March.