The history of the United States has often been plagued by abhorrent racism, founded in the importation of slaves and perpetually upheld by countless acts of violence, loaded remarks and disabling court determinations. On the other hand, Latin America and the Caribbean have received a cheery disposition as a welcoming nation of mixed ancestries, often cited for its blend of European and indigenous backgrounds.
The original intent of microfinance—to assist the poor excluded from conventional banks by providing them access to financial services—attempted to correct social and market failures that were unfair to certain groups of people. This idea of conventional banking turned upside down to help those people excluded was inspiring and has captivated the world. Yet, its initial fiery rhetoric has dissipated. The outing of banks as elitist is what most Afro-Caribbean people can resonate to as it has been their banking experience.