Grameen Foundation : Where we work : Latin America / Caribbean : Mexico : Grameen de la Frontera
Grameen de la Frontera
| Status snapshot as of March 2008 | |
| Active clients | 3,644 |
| Loan portfolio (USD) | $533,295 |
Located in Sonora, Mexico, Grameen de la Frontera (GdlF) is modeled on the Grameen Bank of Bangladesh. The organization makes very small loans to the poorest women in the region, allowing them to generate income through self-employment. Grameen de la Frontera’s clients form solidarity groups to support each other through the successes and difficulties inherent in entrepreneurship. GdlF’s headquarters are located in the town of Huatabampo in Sonora. Founded by Marshall Saunders, it currently offers one loan product called a “working capital loan.” To complement its financial services, GdlF also offers preventive health education and life insurance for all its clients. In 2006, it also launched a scholarship program aimed at keeping children of clients in school.
Outreach:
Grameen de la Frontera serves the poorest women in Sonora and currently has 3,353 active clients, with a goal of reaching 5,030 clients by the end of 2008. Their average loan size is $144. GdlF achieved operational sustainability in 2005, and in March 2006 opened a second branch in Ciudad Obregón, Sonora.
Grameen Foundation support:
Grameen Foundation has provided extensive technical assistance to Grameen de la Frontera, including helping them implement a Grameen-style lending methodology. Additionally, Grameen Foundation contracted a technical consultant to work with Grameen de la Frontera to implement an automated management information system.
Learn more at: www.grameendelafrontera.org
Grameen Foundation : Where we work : Latin America / Caribbean : Mexico : Grameen de la Frontera
Grameen Foundation uses microfinance and innovative technology to fight global poverty and bring opportunities to the world's poorest people. With tiny loans and financial services, we help the poor, mostly women, start businesses and escape poverty. Our global network of 55 microfinance institution (MFI) partners including our Growth Guarantee partners has touched more than 34 million people in 24 countries. In addition, we introduced and now sustain technology initiatives (Mifos and Village Phone) in Cameroon, Kenya, Rwanda, and Uganda, bringing our total country outreach to 28.
+1-202-628-3560 www.grameenfoundation.org
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