Micro-financing loans for women in Mexico.
To help the women of Oaxaca, make a donation today!
The NA Sher Foundation has partnered with EnVia in Oaxaca, Mexico in providing microfinance loans for women in the local villages. In 2015-2016, we provided 3 rounds of loans for 6 women, with great success. In 2018, we are supporting the program in a new village, San Marcos Tlapazola, for women receiving their first micro-finance loans!
What is mirco-finance?
In developing countries, most people do not have access to credit. EnVia helps these people by giving them a hand-up in starting a self-sustaining business. The women learn how to separate personal and business funds, how to choose what to invest in, and how to repay the no-interest loan.
These small (micro) loans help women to be able to market their goods and obtain items such as ovens and refrigeration, transportation, and market fees so that they can begin to earn more money for themselves and their families.
Microfinance is known to be an effective way to help families become self-sufficient.
Please read the plans of the three women in San Marcos Tlapazola, below, and choose one or more women to help by donating to their first loans.
Amalia needs funds from her first loan to be able to buy more material such as clay, sand, and wood so she can begin to sell more of her pieces.
Donate to Amalia. Her first loan cycle will require about $300 American dollars, for 3 loans, each one building her business. When she pays back the first loan, she will qualify for another slightly larger amount.
Elia has been honing her skills in designing clay pottery. But it costs a lot to fuel the oven so that she can make enough pottery to make a living. Elia is single and willing to learn new technologies.
Donate to Elia's loans.
Her loan cycle will require about $300 American dollars, for 3 loans, each one building her business. When she pays back the first loan, she will qualify for another slightly larger amount.
One of the advantages of these types of loans is that people can continue to work on the trades that their villages have developed for generations. They are given a hand up to be able to make a living, not expected to change everything they have known. Dorotea first needs to be able to buy more clay before investing in new equipment.
Donate to Dorotea.
Donate to Dorotea.