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.
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.
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.
Señor & Señora Melendez have two businesses in Nogales, Sonora, Mexico. For one, they sell fresh and artificial flower arrangements. The other is professional photography for weddings, quinceañeras, and special events.
They borrowed 10,000 pesos (about US$833), from a charitable micro-lending organization supported by ProMex Group, five months ago to start the flower arrangement business. This gives them more stability with the two businesses.
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%.