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Oaxaca Micro-Credit
Success |
The British Broadcasting Corporation’s
(BBC) World News Service featured ICF’s support of an innovative
micro-credit program by the Oaxaca-based nonprofit CENTEOTL. The
ICF grant, funded by donations through Mexican migrants living in
San Diego, catalyzed 12 micro-credit loans in the town of El Trapiche
totaling US$5,500 in 2002. The loans helped local entrepreneurs
invest primarily in agriculture, horticulture, and retail businesses.
All the loans were repaid during the first year, and CENTEOTL is
on its second round of micro-lending with 20 loans.
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ICF
Annual Report Copyright © ICF 2004 | 2505 N Avenue, National City, CA 91950 USA | Telephone: (619) 336-2250 | Fax: (619) 336-2249 |