Microfinance for marginalized communities, Mexico

 
$33,677
$6,323
Raised
Remaining
Jul 7, 2010

June Project Update- New banks and survey results

One of the skill-development workshops in Hidalgo
One of the skill-development workshops in Hidalgo

We are excited to report that the number of community banks formed as part of this project has now increased to 11! (A quick description of the term “community bank”. We define it as “groups of ordinary people who are saving with the help of the project in order to start small businesses.”)

The numbers are in and the average amount of weekly savings per person in these 11 banks has been 37 pesos, which is almost three dollars. This amounts to about 581 pesos, or 46 dollars, saved by each bank each week. It is a lot of money for our beneficiaries and we are very proud of their achievement!

Now the community banks are on their second savings cycle, which ends in September. In the end of every cycle, the groups check their saving rates with the help of the project facilitators. To ensure the success of the banks and the new entrepreneurs, members also participate in training workshops. In the end of May and beginning of June we gave the bank members three workshops to develop their technical as well as personal skills. They received training in team work and financial and communication skills. They also learned about self-consciousness, decision making and gender equality.

We appreciate the help of our supporters; your generosity makes the dreams of these budding business owners come true and allows them to take their future into their own hands. ------------------------------------------------------------------------------------------

Nos sentimos muy entusiasmados de contarles que la cantidad de los bancos comunitarios formados en este proyecto ha crecido a 11! (Los bancos comunitarios son grupos de personas que quieren ahorrar dinero con el apoyo del proyecto para empezar su propia microempresa)

Ya tenemos los numeros y cada persona ha ahorrado un promedio de 37 pesos cada semana. Esto hace un total de 581 pesos en cada banco semanalmente. ¡Es mucho dinero para nuestros beneficiarios y nos sentimos muy orgullosos por su esfuerzo!

Ahora los bancos comunitarios están en su segundo ciclo de ahorros, que terminará en septiembre. Al final de cada ciclo los grupos verifican sus ahorros con el apoyo de los facilitadores del proyecto.

Para garantizar el éxito de los bancos y los empresarios nuevos, no solo reciben consejos de nuestros facilitadores sino que además participan en talleres. A finales de mayo y principios de junio organizamos tres talleres para desarrollar las capacidades técnicas así como las habilidades para la vida de los miembros de los bancos comunitarios. Los beneficiarios recibieron capacitación para trabajar en equipo y desarrollar sus capacidades de comunicación y habilidades financieras. Además aprendieron sobre autoconocimiento, toma de decisiones y equidad de género.

Apreciamos el apoyo de cada uno de ustedes; su generosidad ayuda a cumplir los sueños de estos futuros microempresarios y les permite tomar el futuro en sus propias manos.

Participants after a skill-development workshop
Participants after a skill-development workshop

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