By Jose Guillermo Quintana Microfinance Focus, March 11, 2010 : Latin American has witnessed and been involved in a large revolution to develop an entrepreneurship amidst the generation of micro businesses. This fact has allowed the insertion of many people that were in extreme poverty into the economy market of business. Therefore, the microfinance movement is responsible for playing an important role in this revolution. The microfinance movement is responsible also for the creation of micro businesses all over South America. Ordinarily, in South America, many of these people were immigrants that had migrated from the countryside to the big cities such as capitals or metropolitan cities. This micro-immigration is very common in South America since there are plenty of rural towns without resources and isolated areas. The reason why these settlers migrate to larger cities is they are driven to pursue a better quality of life. Meanwhile, as the economic revolution began to grow, it was obvious that the demand for basic micro credit service was coming at a greater demand. This micro credit service was also offered in an unlimited amount. However, many innovative options were needed to accomplish the social goals that were required by the banks. One such option that emerged was the “Cajas Municipales”. This option was supposed to change small banks into larger rural banks. The micro financial institutions in Latin America, the non-profit organizations, and the cooperatives have been recently offering financial services to low-income households during the last twenty-five years. However, during the last eight years, traditional banks have expanded financial services to different institutions. This assistance in financial needs has helped solve potential problems. To Read the full  Story Download the Latest Issue ( March 2010) of Microfinance Focus