LAS MICROFINANZAS EN LA PROFUNDIZACIÓN DEL SISTEMA FINANCIERO.

This article examines the role that regulated Micro Finance Organizations (MFO) have played in the Bolivian financial sector development. Using occasional references, the paper also acknowledges the contribution of non-regulated MFO in improving welfare of poor population sectors. Among policy lessons, the results suggest that microfinance is important in developing financial deepening in similar countries, such as those in the region. [ABSTRACT FROM AUTHOR]