SOFIPA 24

SOFIPA

Company

Mexico

Country

The project

Lala has owned her small grocery store in central Oaxaca, Mexico, for more than thirty years. The shop is a trusted place for local residents and an important source of income for her family.

Thanks to a group loan from Sofipa, Lala was able to expand her product range. By offering more products, she attracted new customers and increased her sales. With the additional income, she can better support her family financially and invest in her children’s education.

In southern Mexico, access to financing is not easy for many women. Sofipa makes financing accessible through group loans: women form a group, guarantee each other’s loans and receive guidance from a coordinator. During the weekly meetings, they strengthen their financial resilience and work together on their businesses.

With your investment, more women like Lala can expand their businesses, increase their income and invest in areas such as education.

Your investment

• Annual interest rate: 5.75%
• For an investment of €1,000, the expected total repayment is €1,071.
• 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.