SOFIPA 25

SOFIPA

Company

Mexico

Country

The project

In San Pablo Villa de Mitla, in the Central Valleys of Oaxaca, the Martínez Lázaro family has kept the tradition of Zapotec textile craftsmanship alive for three generations. Heidi and Eder have been running the Mictlantecuhtli workshop for more than eight years. They have both been involved in the craft since their teenage years.

Fluctuating raw material prices are one of the workshop’s biggest challenges. With financing from Sofipa, Heidi and Eder were able to set up a fund to purchase raw materials on time, even when prices rise. As a result, they can increase production and have created additional employment in the village.

For the 14 employees and their families, this work means more than just an income. It provides access to education and healthcare and contributes to better living conditions.

In southern Mexico, obtaining 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 to grow their businesses.

Will you give women like Heidi and Eder the opportunity to grow and become more financially resilient?

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.