Microloans Help Poverty-Stricken in Mexico

 
$745
$255
Raised
Remaining
May 18, 2011

Surpassing Goals in Mexico

Client Marcelina Sanchez
Client Marcelina Sanchez

As of December 31, 2010, Opportunity Mexico surpassed its target to reach 6,000 families by serving 6,259 active loan clients through three branches. In the past two years, Opportunity Mexico has been working hard to build its client base and reach more people with microfinance solutions to help them work their way out of poverty. Under the leadership of CEO Maria Clara Martinez, the institution has revamped its processes and increased its outreach by more than 27%, up from 4,907 loan clients one year ago. The team retained its 100% rate of operational sustainability during this time of significant growth.

Opportunity Mexico continues to improve its operational processes and expand its base in 2011, aiming to double loan client outreach. The institution will also launch individual loan products in June 2011 to provide qualified clients with training and loans geared toward established businesses. In 2010, Opportunity Mexico grew by establishing a partnership with the Youth Integration Center (a Mexican government entity) to provide clients with awareness training to prevent domestic violence and substance abuse. They also enhanced existing, and developing new, staff training modules to achieve its goal of standardizing all processes and provide its clients with consistent financial products and services, and exceptional customer care. Opportunity also conducted monthly loan officer training to enhance staff members’ skills and successfully instill clients with confidence, motivation and transformation within the Trust Group methodology. In addition, a partnership with Alpha International was established to provide all staff with foundational training in Christian principles. All the participants agreed that the training will positively impact their ability to be effective in their roles.

Links:

Comments:

About Project Reports

Project Reports on GlobalGiving are posted directly to globalgiving.org by Project Leaders as they are completed, generally every 3-4 months. To protect the integrity of these documents, GlobalGiving does not alter them; therefore you may find some language or formatting issues.

If you donate to this project or have donated to this project, you will get an e-mail when this project posts a report. You can also subscribe for reports via e-mail without donating or by subscribing to this project's RSS feed.

donate now:

Funded

Combined with other sources of funding, this project raised enough money to fund the outlined activities and is no longer accepting donations.

Still want to help?
Support another project run by Opportunity International that needs your help, such as:

Organization

Project Leader

Ian Haisley

Oak Brook, Illinois United States

Where is this project located?