Nancy Montoya, from Arizona Public Media, attended our presentation at St. Philip’s In The Hills Episcopal Church. Bill Holliday presented about the work of ProMex Group (charitable microfinance) in northern Mexico.
You can see the coverage here: Tucson Nonprofit Offers Micro Loans to Mexican Businesses
The coverage starts:
Imagine this – you live on the Nogales, Mexico side of the Border and you want to start a business. So you get a small group together of around 10 people and you go to the bank to ask for a loan.
Problem is – no bank in Mexico will loan you money.
Enter the Promex Group, a U.S. nonprofit out of Tucson that makes micro loans to entrepreneurs in the Mexican state of Sonora.
ProMex Group is a US 501(c)(3) non-profit that support microfinance organizations in northern Mexico to provide a sustainable alternative to illegal immigration into the United States.