Stories tagged with Mexico

Nov 11, 2009 MX Mexico

A borrower making handicrafts while waiting for her loan.

By Julia Kastner, KF9 Mexico

Often while out interviewing borrowers for a new Kiva profile, the first question is “WILL THIS SLOW DOWN MY LOAN??”

Fortunately, my answer is “No, don’t worry!  Kiva will repay your MFI, not make you wait!”   This is only true, however, because of Kiva’s controversial policy of allowing its MFI partners, like my partner, Fundacion Realidad (FRAC) to make...

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Nov 11, 2009 MX Mexico

By Julia Kastner, KF9 Mexico

When Kiva first started, all of its loans were to individuals.  Borrower A asked for X dollars and voila!  Person A got a Kiva loan.   Over time, however, Kiva’s been working with more and more MFIs, and the number of different types of loans and lending models has been increasing.

Watch a meeting of a community bank (a.k.a. UDE):

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As Kiva explains...

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Nov 11, 2009 MX Mexico

By Julie Pachico, KF9 Mexico

A big part of the loan officers’ work load at FVP is “prospectando,” or heading out into the field and reaching out to potential clients. When I was first invited to come along I was a little nervous, as my career as a canvasser lasted for all of one day and I hate pushy sales people, no matter how good the cause. However my fears were rapidly relieved within minutes of accompanying the loan officers on their door-to-door visits. Their attitude isn’t that of aggressive marketing, but rather stems from a genuine concern and...

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Oct 10, 2009 MX Mexico

By Julie Pachico, KF9 Mexico

I said in my first post that I wanted to keep my eyes and ears open, especially in terms of how “la crisis” has been affecting the lives of Kiva borrowers in Nuevo Laredo. Most of the clients I’ve interviewed for journals have definitely commented (quite emphatically at times) that business these days has been certainly tough. What’s surprised me, though, has been the number of clients I’ve met whose struggles are more due to random acts of life or just plain bad luck, rather than the...

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Oct 10, 2009 MX Mexico

By Julia Kastner, KF9 Mexico

This week, I visited a Kiva group loan called Peña Blanca at the top of a mountain.  Sometimes you can drive up to the top, but when it rains, the stones that make up the path can come loose and it can be dangerous.  So the Fundación Realidad loan officer and I climbed the four hours up the hill to see how the loan was going.

I documented some of our journey so you can get an idea of what it was like!

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Oct 10, 2009 MX Mexico

By Julia Kastner, KF9 Mexico

As I was taking pesos out of a bank here in Mexico City, it seemed very quiet, and it hit me – no babies!  For many of us, going to the bank (or the doctor, the post office, etc.) is a quiet, adult activity, but for many recipients of micro-loans, they have responsibilities like children that can’t get left behind.

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Sep 9, 2009 MX Mexico

By Julia Kastner, KF9

This past week, I went to visit my first loan with Fundación Realidad A.C. in Mexico.  I spent the week with Fundación Realidad’s branch office in Copainalá, Chiapas, but the loan was located at the tip of a mountain in a sunny town called Coapilla.  Fundación Realidad makes group loans, so there were five women receiving loans that day.  One of them, Maria Luisa Morales Perez, offered to take the profile picture around her wood-burning oven, and also offered to let me film her...

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Sep 9, 2009 MX Mexico

By Julia Kastner, KF9

Hello!

I start my placement with Fundación Realidad on Monday, but I’ve been in Mexico a few days now and I wanted to share with you some footage of some of my favorite Mexican microentrepreneurs – the market venders.  This footage is taken from the Condesa marketplace in Mexico City, one of the nicest markets I’ve seen (almost like a farmer’s market in the States), which I think shows how skilled  the venders are at their work.  More to come!

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Jul 7, 2009 MX Mexico

As I prepare for my placement in September with Fundación Realidad in Mexico City, I’ve been thinking about my local small businesses in NYC.   Here are a few of my thoughts!

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Jan 1, 2009 MX Mexico

Greetings from Zacatecas, capital city of the state of Zacatecas, Mexico!

I have spent the better part of the week camped out in this fine colonial city to continue to bring ADMIC journal updates to Kiva lenders. Yesterday, I met Maria de la Luz and learned about her family’s potato chip making business.

This should have been a fantastic journal update for some Kiva lender but sometimes the great work of a microfinance institution (mfi) like Mexico’s ADMIC is not funded by Kiva dollars.  As I am sure has happened to other fellows, the microfinance partner staff...

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