Microfinance for marginalized communities, Mexico

 
$33,677
$6,323
Raised
Remaining
Apr 12, 2010

March Project Update!

We wanted to take a minute to thank you for your support and to update you on the progress of our microfinance initiative in Hidalgo. March proved to be a very successful month for the program. IMIFAP staff visited various banks and micro-enterprises post workshop to provide support, answer questions, and observe the progress of saving and planning. In one community, two new banks are being formed, each with 14 investors. The groups are excited and motivated to begin saving! In another community, 9 women from a bakery have been saving for three weeks. In various other communities, business plans are underway to calculate the costs the micro-enterprise, the investments, and the financial gain. Community members appear ambitious and motivated. During this visit, IMIFAP staff also administered evaluation questionnaires to community members to gauge progress, and we will share the results soon! Thank you for all your support.

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Map of Microfinance for marginalized communities, Mexico