In this video series-1, MicroSave talks to one of the pioneers of microfinance in Bolivia, Pancho Otero – the founding CEO of the Prodem Foundation, the nucleus of BancoSol. Pancho gives his insights on the success of microfinance in Bolivia and how Prodem became a bank and a leader in savings mobilisation. Through BancoSol, Pancho has helped create one of the most successful microfinance institutions in the world. Pancho attributes BancoSol’s success to the self-examining and self-critical attitude at the pilot stage, which helped them to identify the loopholes early and fix them immediately.

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