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Micro-lending Project for Local Entrepreneurs

6/18/2022

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In February 2022, The Midday Rotary Club of San Miguel de Allende, in collaboration with Apoyo a Gente Emprendedora (Apoyo) launched a joint project - The Micro-lending Program for Local Entrepreneurs. 
​

The goal of the partnership is to expand the scope and reach of what Apoyo has been able to do by increasing the funds available for lending. Apoyo's mission is to aid individuals or existing small businesses, that lack access to banking institutions in Mexico, by providing small no-interest loans or grants, management, support, and mentoring, to enable them to engage in income-producing activities which will result in individual growth, self-esteem, and financial independence. Trainers provide sessions on different topics such as how to administrate a small business; decision making; basic accountability; fair pricing; self-esteem and personal growth.

To date, training and financial education have been provided to 20 small business owners from rural villages and low-income neighborhoods, providing micro-loan recipients with the necessary skills to achieve success in their business endeavors. ​

After participating in the workshops, the most promising participants with the best business ideas were offered a no-interest micro-loan to be used to start a business or expand an existing one.

The Semi-Annual Report was issued in July.  To view the report, click on this link.

Here are some of the first micro loan recipients


Picture
​Eleuteria Tapia - Sewing workshop

­"Doña Ele" lives in a low-income neighborhood called "Adolof, Lopez Mateos" one of the most disadvantaged neighborhoods in the city of San Miguel de Allende. Doña Ele got a loan in the amount of 5000 pesos to buy fabric and other materials to produce and repair clothing.

Picture
Rosalinda Granados - Handicrafts Stand

​Rosalinda is from the rural village Los Ricos. She sells her handmade crafts in the well historic town of Atotonilco. Rosalinda was given a 5000 pesos micro loan to buy materials to continue producing and expanding her inventory

Picture
Irma Hernandez - Grocery Store
​

Irma lives in the rural village of Los Ricos where she has her small Grocery Store. Irma got a loan of 5000 pesos to buy merchandise and expand the variety of items in her store.
2022-07_semmi_anual_report_rotary.pdf
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1 Comment
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11/9/2022 04:27:58 am

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