Microloans Help Poverty-Stricken in Mexico

 
$745
$255
Raised
Remaining
Feb 14, 2012

Building on the Success of 2011 to plan for 2012

In 2009, Mexico's GDP plunged 6.2% as world demand for exports dropped, asset prices tumbled, and remittances and investment declined. GDP posted positive growth of 5.4% in 2010 and 3.8% in 2011 however the country continues to face many economic challenges, including improving the public education system and upgrading infrastructure. Felipe Calderon and his administration has stated that his top economic priorities remain reducing poverty and creating jobs.

In the past three 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. Similar to its strategic goals in 2011, Opportunity Mexico will continue to improve its operational processes and expand its base in 2012, aiming to significantly increase loan client outreach and to continue to provide qualified clients with both training and loans geared toward established businesses.

The generosity of our supporters helped Opportunity Mexico's clients and their communities thrive in 2011. Our microfinance products made it possible for market vendors to fill their stalls with goods, artisans to make a profit, educators to expand schools and farmers to move beyond subsistence. We are excited to watch Opportuntiy Mexico grow to meet the needs of the country and provide more tools to more people so they can work their way our of poverty.


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

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Organization

Project Leader

Ian Haisley

Oak Brook, Illinois United States

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