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

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9 Economic Development in Mexico to Address Illegal Immigration

Summary
The United States (US) spends billions of dollars each year to keep Mexicans and Central Americans out of our country with mixed results and this strategy only addresses a symptom of the problem.  The root of the problem is that there is a huge income and wealth disparity between neighboring countries that is not being addressed.

ProMex Group is a model of another approach to address illegal immigration.  It is a charitable 501(c)(3) non-profit microfinance organization working in the northern border cities of Mexico.  It strives to alleviate poverty and economically forced migration by providing disadvantaged Mexicans with access to capital and education to start and grow small businesses.

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7 Client Profile – Señor & Señora Rodriguez

Señor & Señora Rodriguez are in the food preparation business.  They have three children.  This business is their entire income.

They borrowed 2,200 pesos (US$180) and that allowed them to buy additional food items, such as: oil, flour, and supplies.

The interest rate was not too much.  They make a 328 peso payment (US$27)  every 14 days.  The loan duration is a total of four month. She learned about EnComun (a charitable micro-finance organization supported by ProMex Group) from a friend.

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6 Client Profile – Señora Garcia

Maria Rosa Garcia sells new and used clothing. in Nogales, Mexico  She buys clothing  in US and resells in Mexico.  She tries to buy seasonal items that will sell well and quickly. Her goal is to turn her inventory monthly.

She has been in this business for four years.  She borrowed 2,500 pesos (about US$200) initially and now up borrows to 5,000 pesos (US$415) which is her own self imposed limit.  She is approved by EnComun (a charitable micro-finance organization supported by ProMex Group) for 10,000 pesos (US$830).  She has been very pleased with the loan process and interest rates.

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5 Client Profile – Señora Duran

Señora Duran is an Avon representative and sells other health and beauty products.  She has been in business for seven year.

She buys and resells products with approximately a 40% commission.  She generally sells for cash but has a few clients on credit.

She borrowed 3,500 pesos (about US$290) in July, 2011 to expand her business.

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1 ProMex Group Blog

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.

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