This document discusses social media usage in Latin America and how small and medium enterprises (SMEs) and financial institutions in the region are using social media. It finds that platforms like Facebook, Twitter, and LinkedIn are widely used across Latin America. Specific SMEs and financial institutions are analyzed for their social media presence and strategies. The document makes a business case for using social media to generate leads, drive customer engagement, increase efficiency and lower costs, and establish thought leadership. It provides strategic recommendations, opportunities, and risks to consider for social media usage.