SOFIPA 18
Will you contribute to a stable financial future for families in Mexico? Sofipa provides (group) loans to small entrepreneurs, enabling them to invest in their businesses. This leads to more income, jobs, and stability for their families and communities.
The project
The Martínez Lázaro family lives in a village in the Oaxaca Valley, Mexico. They have been running a workshop for generations, weaving traditional Zapotec textiles using a mix of age-old techniques and modern methods.
Thanks to a loan from Sofipa, the family was able to buy extra materials like wool and cotton. As a result, they were able to expand production, which brought both higher income and meaningful job creation. Today, 14 villagers work in the family’s workshop.
For each of the 14 employees working at the Martínez Lázaro family's workshop, the job provides a stable income to support their family. With their income, they are able to send their children to school and afford healthcare. Thanks to their loan from Sofipa, the family is making a lasting impact in their community.
Will you create opportunities for a better future for communities in Mexico?
Sofipa on Lendahand
- Active on Lendahand since: February 2023
- Total funds raised: €2,669,994
- Amount repaid: €948,577
- Interest paid: €90,643
- On-time repayments: 15 out of 15 (100%)
Your investment
- Annual interest rate: 7%
- For an investment of €1,000, the expected total repayment is €1,088.
- Maturity: 18 months
- Grace period: 12 months. You will receive the first half of your investment back in month 12 and the second half in month 18. Interest is paid in the 6th, 12th, and 18th month.
- Currency: Dollar. Please note that while you invest in euros, the loan is in dollars, which means there is a risk of currency fluctuations between the two. Visit our page on currency risks for more details.
SOFIPA
Impact
Financing is critically needed in southeastern Mexico, where Sofipa operates. Historically, this region has faced the greatest challenges, with the state of Oaxaca showing alarming poverty rates. This is the result of deficiencies in education, infrastructure, and basic services, which have hindered development. The situation for women in this area is even more difficult, further widening the gap. A loan empowers women, creating equal opportunities and making them stronger.
- Percentage of female borrowers: 92.9%
- 67% of borrowers report an improved quality of life. Source: Survey conducted by 60dB.
- Average loan amount: €510
Related blog articles
- Get to know 3 female entrepreneurs who benefit from a loan through Sofipa.
- Female entrepreneurs are essential for a powerful economy. Read why here.
- Want to learn more about gender lens investing? Click here.
- Want to learn more about how financial inclusion can thrive entrepreneurship? Read here.
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