Microfinance for marginalized communities, Mexico

 
$33,677
$6,323
Raised
Remaining
Aug 17, 2010

July Project Update - From banks to businesses

A woman works at her community bank´s business
A woman works at her community bank´s business

Utilizing the skills learned in last month’s workshop, the members of community banks in Hidalgo are now planning how to begin or grow their businesses. As part of the project, we have provided guidance in preparing a solid business plan since new entrepreneurs are often unable to calculate startup costs, maintain their business, or implement marketing strategies. Below you will find specific examples of the initiatives supported by this project.

In the community of El Vithe, Hidalgo nine women make up a bank called “El Colchoncito.” They have been operating a bakery for two years but had not developed a business plan or calculated costs and profits. Their small client base consists of approximately 15 houses in the community. They are now planning to purchase a vehicle to be able to more broadly distribute their products to communities that do not have bakeries. This could potentially increase sales by up to 400%.

The members of the community bank “La Superación,” near Ixmiquilpan, Hidalgo, wish to start a rural pharmacy. There are currently no pharmacies in their community and residents are forced to travel long distances in order to obtain medicines. The bank has obtained 40% of the resources necessary for the investment but still needs to research the legal requirements for opening a pharmacy as well as calculate the monthly costs.

We expect the first businesses from these community banks to be functioning in Hidalgo within a few more months. Thank you so much for your support!

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Utilizando las habilidades que aprendieron en el taller del mes pasado, los bancos comunitarios en Hidalgo se encuentran planeando como empezar o hacer crecer sus negocios. Como parte del proyecto, les otorgamos la asesoría para realizar un plan de negocio sólido; la mayoría de las veces los nuevos empresarios no saben como calcular los gastos de arranque o mantenimiento de su negocio ni mucho menos sobre técnicas de mercadotecnia.

A continuación les compartimos algunas iniciativas que son apoyadas por este proyecto.

En la comunidad de El Vithe, Hidalgo nueve mujeres forman el banco llamado El Colchoncito. Desde hace dos años cuentan con una panadería pequeña, pero nunca habían realizado un plan de negocios ni mucho menos habían calculado sus gastos y ganancias. Actualmente, la panadería cuenta solamente con las 15 casas de su comunidad como clientes por lo cual, planean comprar un vehículo para distribuir los productos en comunidades aledañas que no cuentan con una panadería y en donde las mujeres podrían aumentar sus ventas hasta en un 400%.

Cerca de la ciudad de Ixmiquilpan, Hidalgo, viven los socios del banco La Superación. Su objetivo primordial es contar con una una farmacia rural que les facilite el acceso al servicio de salud y evite los largos caminos por recorrer con tal de conseguir medicamentos. El banco ya ha conseguido un 40% de la inversión pero les hace falta investigar los requisitos legales para abrir una farmacia y calcular los gastos mensuales.

Esperamos que en algunos meses las primeras empresas de bancos comunitarios en Hidalgo estén funcionando. ¡Muchas gracias por tu apoyo!

Bank members meet to discuss their business plan
Bank members meet to discuss their business plan

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