Microloans Help Poverty-Stricken in Mexico

by Opportunity International
Jul 23, 2013

Thank You for All of Your Support

Romualda Garcia Carrasco
Romualda Garcia Carrasco

When we first set up operations in 2003, Oportunidad Microfinanzas was one of the few microfinance organizations in the country.   We’ve accomplished great things in Mexico over the last decade.  During that time Oportunidad Microfinanzas has loaned $40 million, helped 25,000 families and improved more than 100,000 lives. In honor of this final report, we wanted to share one last story of a clients life you helped change, Romualda Garcia Carrasco:

Although Romualda is enjoying the benefits of being a successful business owner, her life has been filled with hardship. After her husband passed away, she was left to care for her eight children on her own. Determined to provide her family with an education and the opportunities she was never able to receive, Romualda opened a storefront retail business in Chapala, Mexico selling chips and candy.

Romualda knew that if she was to realize her dream of sending her children to school she had to increase her profits. A born entrepreneur, she knew to increase her profit she had to increase her customer base and diversify her product line. Even with the know-how Romualda was turned away by bank after bank. Things finally began looking up when a friend told her about Opportunity Mexico. She was elated to receive her first loan and used it to diversify her inventory to include cosmetics.

Romualda’s strong work ethic and attention to detail has enabled her to become the auditor of her Trust Group, a position which requires great responsibility. She enjoys interacting with her fellow group members, whom she draws upon for advice, motivation and a sense of community. Yet Romualda’s greatest source of inspiration is her children. She is so thankful to Opportunity International for empowering her to provide her children with a better future. Today, two of her grown daughters have their own small businesses made possible by their loans with Opportunity Mexico.


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.

Get Reports via Email

We'll only email you new reports and updates about this project.

Organization Information

Opportunity International

Location: Chicago, IL - USA
Website: http:/​/​www.opportunity.org
Project Leader:
Ian Haisley
Oak Brook, Illinois United States

Funded Project!

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:

Find a Project

Learn more about GlobalGiving

Teenage Science Students
Vetting +
Due Diligence


Woman Holding a Gift Card
Gift Cards

Young Girl with a Bicycle

Sign up for the GlobalGiving Newsletter

WARNING: Javascript is currently disabled or is not available in your browser. GlobalGiving makes extensive use of Javascript and will not function properly with Javascript disabled. Please enable Javascript and refresh this page.