Case | HBS Case Collection | April 2011 (Revised March 2013)

BANEX and the No Pago Movement (A)

by Shawn Cole and Baily Blair Kempner


This case examines Grassroots Capital's decision of whether or not to continue investing in a Bolivian microfinance bank that is suffering financial distress.

Keywords: Risk and Uncertainty; Government and Politics; Microfinance; Insolvency and Bankruptcy; Investment; Safety; Financial Services Industry; Bolivia;


Cole, Shawn, and Baily Blair Kempner. "BANEX and the No Pago Movement (A)." Harvard Business School Case 211-092, April 2011. (Revised March 2013.)