Meet Sabina and Claudio, FINCA Mexico Clients FINCA Mexico
June 25, 2014

Sabina and her husband live in Oaxaca, Mexico where they have been hand crafting woven hats their whole lives. For many years they struggled to advance within the profession and turn a profit, until they heard about FINCA.

Claudio is a bread and pastry maker in Veracruz, Mexico, and like other FINCA clients, knows that having a safe and trusted place to store and save their daily revenue is critical to their continued success.

FINCA’s mission is to provide financial services to the world’s lowest-income entrepreneurs so they can create jobs, build assets and improve their standard of living.

When clients come to FINCA for a loan, most of them are already micro-entrepreneurs. They have enough experience to know that, without additional working capital, their odds of becoming or staying profitable and productive, or of making improvements in their lives, remain low. They are looking for a business loan, much like any other entrepreneur, but at a micro level.

For these small-scale businesses, even small amounts of capital can make a dramatic difference. A business loan of a few hundred dollars can enable micro-entrepreneurs to pay wholesale rather than retail prices for the goods they resell, or to buy with cash rather than on consignment, or acquire a more modern piece of essential equipment, turning their businesses into profitable, sustainable enterprises. This small increase in purchasing power can have an immediate impact on a client’s productivity and earnings.

For more info visit the website at FINCA.org

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