Microfinance for marginalized communities, Mexico

 
$33,677
$6,323
Raised
Remaining
Jun 15, 2011

May Update Report - Growing Community Banks

Entrepreneurs are happy with their results!
Entrepreneurs are happy with their results!

May has been a busy and interesting month with many consulting trips to the community banks in Hidalgo and Oaxaca. We are very excited because several groups in the communities have requested finance and administration workshops so they can improve their businesses.

We are giving administration and accounting workshops to the members of the community banks in Ixmiquilpan Hidalgo. In these workshops, our facilitators helped the community bank members to improve their income and expense tracking, so they can better manage their savings.

We have also been providing specific advice to each group of entrepreneurs about their businesses. We have helped groups that raise livestock, have sowing businesses, own bakeries and run a water purification plant. With our support, we hope their businesses will grow and become an example to other entrepreneurs in communities nearby.

Thanks to your support, the participants in our program continue to improve their banks and businesses. With these workshops, bank members will be able to better organize their savings, and plan their expenses and investments more efficiently. Thank you very much!

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Mayo ha sido un mes súper interesante ya que hemos trabajado mucho con los bancos comunitarios en Hidalgo y Oaxaca, en particular en el área de asesoría. Nos emociona mucho que varios grupos en las comunidades nos han pedido talleres de capacitación en finanzas y administración para poder sacar adelante sus negocios.

Estamos dando talleres de capacitación de contabilidad y administración a los miembros de los bancos comunitarios en Ixmiquilpan, Hidalgo, con el fin de que sean mucho más productivos y exitosos. En esta capacitación, nuestros facilitadores ayudaron a los miembros de los bancos comunitarios a organizar bien sus ingresos y egresos semanales, para así llevar un mejor control de sus ahorros.

Igualmente hemos estado impartiendo asesoría específica a cada grupo de emprendedores acerca de sus negocios. Hemos apoyado a grupos que tienen negocios de cría de animales, de corte y confección, de panadería y a una purificadora de agua. Con esta asesoría esperamos que sus negocios crezcan y se vuelvan un ejemplo a seguir para otros emprendedores en las comunidades vecinas.

Gracias a  tu apoyo, los participantes en nuestro programa siguen mejorando sus bancos y negocios. Con estos talleres, los miembros de los bancos podrán organizar sus ahorros, planear sus gastos e inversiones de manera más eficiente y así salir adelante. ¡Muchas gracias!

Microfinance learning in action
Microfinance learning in action
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Map of Microfinance for marginalized communities, Mexico