Microloans Help Poverty-Stricken in Mexico

 
$745
$255
Raised
Remaining
Sep 7, 2012

Thriving in Mexico

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 two 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 2012, aiming to double loan client outreach. The institution also launched individual loan products in June 2011 to provide qualified clients with training and loans geared toward established businesses.

Statistics About Mexico

Population: 110 million
Population living below poverty line: more than 40%
Life expectancy: 76 years
GDP per capita: $12,800
Literacy rate: 91%
Population in formal labor force: 42%

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Funded

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

Where is this project located?