Microfinance for marginalized communities, Mexico

by Instituto Mexicano de Investigacion de Familia y Poblacion - IMIFAP
Vetted

Summary

Support a person living in an impoverished community in Mexico to start a microenterprise. Participants will be empowered through life skills and business training to improve their lives.
$33,677
total raised
72
donors
0
monthly donors
6
years active

Challenge

For people living in marginalized conditions, cultural constraints and impoverishment make it difficult to improve their living conditions and save money, let alone undertake a business venture. But simply providing a loan without the proper knowledge of basic finances is not sufficient; comprehensive financial and life skills trainings are essential for success. IMIFAP will provide “I want to, I can” trainings for individuals to start community banks and local business ventures.

Solution

The project will include: a 40-hour workshop for 50 community leaders to replicate with a total of 1,250 participants (70% women, 30% men); follow-up visits; and loans to 600 participants to form small businesses with IMIFAP coaching and support.

Long-Term Impact

Community banks and microenterprises will increase participants’ household income and improve their children´s development. Financial independence also gives women a bigger say in household decision making, thus increasing community participation.

Resources

http:/​/​www.imifap.org.mx/​imifap/​portal/​cfpages/​contentmgr.cfm?fuente=doc&docId=20&docTipo=1
Project Site
IMIFAP's Homepage

Organization Information

Instituto Mexicano de Investigacion de Familia y Poblacion - IMIFAP

Location: Mexico City, Mexico - Mexico
Website: http:/​/​www.yoquieroyopuedo.org.mx
Project Leader:
Anna-Emilia Hietanen
México, DF. , Mexico Mexico

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