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