SOFIPA 23

SOFIPA

Company

Mexico

Country

The project

Heidi and Eder have led the atelier Mictlantecuhtli for more than eight years. Involved in this craft since their teenage years, they carry the Zapotec textile tradition forward. Their designs preserve the essence of traditional backstrap looms, now adapted to pedal looms to speed up production.

In southern Mexico, access to financing is far from a given for many women. Sofipa breaks through that barrier with group loans: women form a group together, act as guarantors for one another, and receive guidance from a coordinator. During weekly meetings, they strengthen their financial resilience, their confidence, and their bond with one another.

With a loan from Sofipa, Heidi and Eder can tackle one of their biggest challenges: purchasing raw materials, whose prices constantly fluctuate. With this financing, they set up a fund to secure their purchases. This leads to higher production and additional jobs for people in their community.

Through this traditional craft, the workshop not only offers a secure livelihood but also contributes to the development of 14 families. For employees with families, this work means access to education, healthcare, and a better quality of life for their children.

Will you create opportunities for female entrepreneurs in Mexico together with Sofipa? 

Your investment

• Annual interest rate: 6%
• For an investment of €1,000, the expected total repayment is €1,075.
• 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.