SOFIPA 8
A group loan from Sofipa gives Juana the chance to buy enough materials for her pottery. This helps her support her family and provides them with a better life. Thanks to your investment in Sofipa, 480 female entrepreneurs like Juana will receive the financial support they need.
€150,000
7.00%
18 måneder
6 måneder
USD
ValutaBeløb | €150,000 |
Interesse | 7.00% |
Modenhed | 18 måneder |
Tilbagebetalinger | 6 måneder |
Valuta | USD |
Projektet
Juana lives in the heart of Oaxaca and has been making beautiful handmade pottery since she was young. She creates items like bowls, dishes, rice cookers, pots, and jugs. "Everything is handmade," Juana says proudly. "Many people visit us and take my work to other countries and cities like Mexico City. This is how we shape our daily life and make a living."
The production process is labor-intensive: two types of clay are mixed, shaped, fired, colored, and fired again to achieve the final green color. Juana uses a group loan from Sofipa to buy materials like clay and firewood. "This loan helps me a lot," says Juana. "I can buy everything I need to keep working." The group loan provides Juana with financial support and a close-knit community of women who support each other.
Thanks to the group loan, Juana, along with her brother and sister, can live off the sales of her handmade pottery and build a better future. By investing in Sofipa, you support 480 female entrepreneurs in Mexico to achieve their dreams.
What social return could your investment generate?
Financing is crucial in southeastern Mexico, where Sofipa operates. Historically, this region has faced the greatest challenges. The state of Oaxaca has alarming poverty rates due to a lack of education, infrastructure, and basic services, which hinders development. The lives of women in this area are even more challenging, exacerbating their disadvantages. A loan makes women more independent, creating equal opportunities and empowering them.
With your investment in this Sofipa project, you enable around 480 women to receive a group loan. The loans run on a cycle of 16 weeks (4 months), and with each cycle, the women build a credit history that can help them apply for formal bank loans later on. For a first loan, a group member can borrow up to 7,000 Mexican pesos (340 euros) without collateral. The women guarantee each other, creating a strong social support structure.
What financial return could your investment generate?
- Annual interest rate of 7%
- The maturity of the loan is 18 months
- Grace period: This project has a grace period. After 12 months, you will receive your first repayment of your investment, and thereafter, you will receive a repayment every 6 months.
- With an investment of 1,000 euros, your expected total repayment would be 1,088 euros
- Please consider that although you invest in EUR, the loan is in USD, so there is a risk of exchange rate fluctuations between dollars and euros. For more information on potential exchange rate risks, please visit our currency page.
The story of Sofipa
Financial inclusion is one of the problems the region of Oaxaca in Mexico is facing. The scarce offer of financial services specialized in reaching low-income citizens inspired the emergence of Sofipa in February 2004. With its existence, Sofipa contributes to financial inclusion and the region's overall development.
Sofipa started operating under the legal figure of the Cooperative Society. However, in search of being more competitive and innovative, in 2016, they decided to adopt the legal formation of an Investment Promotion Company, SOFOM, ENR. Read more about Sofipa on their company profile page. Since then, it has enabled at least 10.000 women to expand their businesses and improve the lives of their families.
Sofipa in numbers
- Founded in 2004
- 467 employees
- Loan portfolio of €13,968,857 (end of 2022), for female group loans
- Approximately 10.000 credits to women a year
Virksomhedens navn | SOFIPA |
ADMINISTRERENDE DIREKTØR | Francisco Diaz |
Grundlagt | 2004-02-01 |
Beliggenhed | San Antonio de la Cal |
Sektor | Finansielle tjenester |
Omsætning | $9,100,000 |
Medarbejdere | 467 |
Kreditvurdering | A+ |
Påvirkning
97 % af Sofipas kunder er kvindelige iværksættere. De er hovedsageligt aktive i den uformelle sektor, og deres største behov er adgang til det finansielle system.
Målet for den mexicanske mikrofinansieringsinstitution er at udrydde fattigdom ved at give folk vækstmuligheder og kæmpe for ligestilling mellem kønnene ved at hjælpe kvinder med at forbedre deres indkomst. De har indtil videre været i stand til at støtte mere end 14.500 kvinder.
Sofipa tilbyder kvindelige iværksættere kredit gennem gruppelån. Læs mere om, hvordan gruppelån fungerer, i Sofipas introduktionsblogindlæg her.
Sofipa er til stede i 7 af de 32 delstater og er især aktiv i to delstater med de højeste fattigdomsrater i Mexico, Guerrero med 38,41 % og Oaxaca med 33,49 % af det nationale niveau.
En undersøgelse foretaget af 60 decibel viser følgende resultater af effekt og kundetilfredshed blandt Sofipas kunder:
- 1.2 Inklusionsindeks (se her)
- 71 % mener, at Sofipa er et godt finansieringsalternativ
- 83 % har til hensigt at bruge lånet til at få deres eksisterende virksomhed til at vokse
Forskning viser, at kvinder på nye markeder investerer 90 cent af hver ekstra dollar, de tjener, i deres familier og nærmiljø. Det betyder bedre skolegang, sundhedspleje, generel livsstil og i sidste ende økonomisk vækst.
At give kvindelige iværksættere passende finansieringsmuligheder hjælper dem med at overvinde de barrierer, der afholder dem fra at starte eller udvikle deres virksomheder. Specifikke lånefunktioner, der appellerer til den typiske kvindelige SMV-ejer, er længerevarende lån, lavere renter, alternativ sikkerhedsstillelse og afdragsfrie perioder.
VM Påvirket
Med dette projekt bidrager du til følgende mål for bæredygtig udvikling:
VM 1 - Ingen fattigdom
VM 5 - Ligestilling mellem kønnene
VM 8 - Anstændigt arbejde og økonomisk vækst
VM 10 - Reduceret ulighed
Læs mere om den indflydelse, du kan få via vores platform og VM på vores side om indflydelse.
Relaterede blogartikler
- Lær 3 kvindelige iværksættere at kende, som har fået et lån gennem Sofipa.
- Kvindelige iværksættere er afgørende for en stærk økonomi. Læs hvorfor her.
- Vil du vide mere om kønsopdelt investering? Så klik her.
- Vil du vide mere om, hvordan finansiel inklusion kan fremme iværksætteri? Læs mere her.
- Med denne investering forbedres 480 liv