Señora Castro borrowed 2,000 pesos (about US$165) a month ago to start a new “fast food” business. Her loan came from a ProMex Group supported charitable micro-finance organization in Sonora, Mexico. She used to rent a microwave oven but with her loan, purchased one. She sells her food close to her home at a little stand. She marks up what she sells about 40%.
The Gonzales family, who live in Nogales, Sonora, Mexico, buy food, candy, nuts, snacks wholesale and repackage them for retail resale in their neighborhood. They also deliver water to homes and businesses.
They borrowed 2,000 pesos (about US$165) from EnComun (a charitable micro-finance organization supported by ProMex Group) 1 year ago which as allowed their business to expand. They feel that the loan has been very helpful in improving the quality of their lives.
We are excited to get ProMex Group started and grow reponsible micro-finance on the Mexican border. ProMex Group will expand the opportunities for the people of the Mexican border.
We hope our work provides opportunities in Mexico and prevents deaths in the desert from desperate people trying to illegally cross the border.