SOFIPA 30

SOFIPA

Company

Mexico

Country

The project

Anyone who steps into the Mictlantecuhtli workshop hears it before they see it: the rhythmic clatter of looms. Here in San Pablo Villa de Mitla, the Martínez Lázaro family has been dedicated to the artisanal production of Zapotec textiles for three generations. Heidi and Eder have been at the helm of the workshop for more than eight years. They have been involved in this craft since their teenage years and feel privileged to carry on the Zapotec textile tradition.

The designs retain the essence of traditional backstrap looms, adapted to treadle looms to speed up production. This way, the old craft lives on, while the workshop stays competitive in today's market.

Still, the business faced a major challenge: purchasing raw materials, whose prices constantly fluctuate. A year ago, Heidi and Eder found a solution. Thanks to a loan from Sofipa, they were able to set up a fund to secure their purchases, regardless of the market price. The result: higher production, more raw materials in stock, and extra jobs for fellow villagers. Today, the workshop employs fourteen local workers.

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

Will you invest in livelihood security for family businesses in Oaxaca, Mexico?

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.