17 ProMex Group Charitable MicroCredit is on Amazon Smile

ProMex Group is part of Amazon Smile.  When you buy on Amazon, if you go through this link 0.5% of your purchases will be helping ProMex Group:  https://smile.amazon.com/ch/45-4225729

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.

13 Evidence from a Randomized Microcredit Program Placement Experiment

The results of a randomized impact study done in Nogales, Agua Prieta and Caborca are in and they can help us determine how to best serve our clients.

Win Some Lose Some? Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco
Manuela Angelucci, University of Michigan
Dean Karlan, Yale University, Innovations for Poverty Action, and M.I.T. J-PAL
Jonathan Zinman, Dartmouth College, Innovations for Poverty Action, and M.I.T. J-PAL For release: May 14th, 2013

Read more

12 Client Profile – Teresa Garcias

Teresa Garcias runs a small grocery store (a miscellaneous store) in Nogales, Mexico.  She buys products in bulk and sells them in her neighborhood.  She has been living in Nogales for 19 years and started working with ProMex Group in 2006.  Her current loan is for US$1,000.

Read more

10 Client Profile – Jesus Brigido

Jesus Brigido has a bakery in Nogales, Mexico.  He is originally from Puebla but has lived in Nogales for 27 years.  He has been with ProMex Group microfinance project since 2010.  His current loan is for US$1,000.

He has two employees at his bakery and produces about 6,000 pieces of bread each week.  His bakery is part of his home.  He used his loan to buy equipment and expand his business.  He has three kids and their lives have improved greatly because of the success of his business and ProMex Group.

Read more

8 Client Profile – Señora Martinez

Señora Martinez was interviewed at the Nogales, Mexico Expo Oct 29, 2011.  The Expo was put on by a charitable non-profit microcredit organization supported by ProMex Group.  Her business is making wedding dresses and accessories.  She has been in business for 20 years.  She borrowed 5,000 pesos (US$420) six months earlier to purchase an electric sewing machine.  The new sewing machine allows her to work faster and produce more and better quality products.

charity Mexican Socially Responsible Investing

Read more

2 Client Profile – Gonzales Family Business

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.

microfinance credit Mexican nonprofit 501(c)(3)

Read more