Microfinance for marginalized communities, Mexico

 
$33,677
$6,323
Raised
Remaining
Nov 11, 2010

September & October Project Update: Water and Iron

Bank member improves his business plan with IMIFAP
Bank member improves his business plan with IMIFAP

Over the past two months, the members of community banks in Hidalgo have worked hard to make their ideas a reality. Below you will find an update on the water purification project mentioned in August’s report as well as the story of two more bank members working to improve their blacksmith shop.

The water purification project in Ixmiquilpan, Hidalgo has advanced over the past two months. The members of “Banco C.L.C.” made their first payment on the water purification plant using their savings, and expect the system to be up and running in a month, bringing affordable, potable water to the community.

Also in Ixmiquilpan, two members of the community bank “La Union,” a blacksmith and his wife, are improving their small business. With a loan from IMIFAP “I want to, I can”, they were able to purchase new equipment that will improve the quality and expand the type of products they produce. Previously, they sold only housing fixtures such as doors and windows, but now he is brainstorming what other metal products will sell well. They are also planning to acquire business cards, are developing a marketing plan to the reach more clients, and are considering hiring an assistant so that the business can grow even more.

The determination and creativity of our microfinance program participants is astounding.  Thank you for supporting them as they search for ways to improve their lives and their communities.

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Durante los últimos dos meses, los miembros de los bancos comunitarios han estado trabajando arduamente para convertir sus sueños en realidad. Abajo encontrarás los avances sobre el proyecto de purificación de agua mencionado en el reporte del mes de agosto y la historia de dos miembros de un banco quienes están mejorando su pequeño herrería

El proyecto de purificación de agua en Ixmiquilpan, Hidalgo ha avanzado favorablemente en los últimos dos meses. Los miembros del “Banco C.L.C.” utilizaron sus ahorros para realizar el primer pago para la instalación del purificador que les permitirá, en aproximadamente un mes, llevar agua potable y económica a la comunidad entera.

También en Ixmiquilpan, dos miembros del banco comunitario “La Union”, un herrero y su esposa, están mejorando su pequeña empresa. Gracias a un préstamo de IMIFAP, lograron comprar nuevos equipos que aumentarán la calidad y variedad de los productos que producen.  Anteriormente sólo vendían puertas y rejas para ventanas; sin embargo,  ahora están pensando qué otros productos de metal podrían vender. Asimismo, planean comprar tarjetas de presentación, desarrollar un plan de mercadotecnia, y  contratar un asistente para que el negocio florezca.

La determinación y creatividad de los participantes de nuestros proyectos de microfinanzas es impresionante. ¡Gracias por apoyarlos mientras sigan buscando las maneras y alternativas para mejorar sus vidas y sus comunidades!

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