SOFIPA 29

SOFIPA

Company

Mexico

Country

The project

Rosalía has been an entrepreneur for years, but a traditional bank is not an option for her. The amount she needs is too small, and without collateral or a credit history, it is difficult for her to get a loan. Yet that one investment is exactly what makes the difference between getting by and getting ahead.

Through a group loan from Sofipa, Rosalía gets that chance. But you don't arrange a loan like that on your own. Rosalía looked for women in her neighbourhood in the same situation and found eight. Together, they founded a new credit group: 'Guiechachi', named after the flowers that characterise the traditional decorations of the region.

Every four months, Rosalía receives an amount that fits her personal situation, which she invests in her business. For the group loan, the women do not need collateral: they guarantee each other's loans, which creates strong social involvement. Every week, the women meet and, guided by a Sofipa-coördinator, repay part of their credit. With every cycle, the women also build up a credit history that can later set them on the path to a formal bank loan.

For Rosalía, the loan means more than money alone: she can finally invest in her business, grow her income, and strengthen her position in her family and community.

With your investment, entrepreneurs like Rosalía gain access to financing that allows them to grow their businesses and work towards a better future for their families and communities.

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.