Microloans in Mexico

“Now that mid-term elections are over and the heated debate on immigration still looms, Mexicans and Americans Thinking Together (MATT.org), one of the nation’s highly recognized and fastest growing think-tank membership organizations, announces a timely solution to people’s concerns that will improve Mexico’s economy, one job at a time, to help ease the flow of immigration.

Through MATT.org’s website, Americans have an opportunity to participate in an innovative new microfinance program where they are able to invest in microloans to small businesses across Mexico that will help build jobs, keep families together and help curtail the flow of job seeking immigrants to the United States.

“MATT.org’s creation of a solution that eases concerns over the immigration issue is quite timely. Microlending works. Its proven model recently earned Muhammad Yunus and the Grameen Bank of Bangladesh the prestigious Nobel Peace Prize for its pioneering efforts in microlending,” says MATT.org CEO Lionel Sosa. “These business owners are members of the Mexico community who are facing so many challenges from joblessness to hunger.”

With the help of microloans from average Americans to Mexican small businesses through MATT.org and its new partners, Kiva and ADMIC, access to credit will be provided so that these entrepreneurs may invest in their businesses, increase profits and help ease the effects of poverty.

Background
According to the Manhattan Institute, a nationally recognized expert on the immigration issue, the U.S. issues 1,000,000 visas each year, but an additional 600,000 people enter the country illegally in search of work. Most are coming in from Mexico. With no jobs at home and so much to gain in America, what’s to encourage Mexicans to stay in their home country?

Invest in People, Not A Wall
On September 29, The Senate authorized the construction of 700 miles of double-layered fencing.

A 14.26-mile fence along the U.S.-Mexico border in Southern California has already cost America $126.5 million dollars, or $8.9 million dollars per kilometer. Congress approved $1.2 billion in a separate homeland security spending bill to help fund the new fence, but it won’t cover much: the 700-mile fence is expected to cost $6 billion, even though it would still leave nearly 1,300 miles of border uncovered.

Imagine: If the U.S. would take the money spent on the U.S. –Mexico border walls and invested in individuals and small businesses in Mexico through microfinancing, the money would be repaid to Americans, not wasted on a wall. Most importantly, such a wise investment would spur economic growth within Mexico; something both countries acknowledge is sorely needed.

Microlending Logistics Through MATT.org
The ADMIC partner on the ground throughout Mexico provides innovative new technologies and support that makes microlending simple and safe. Throughout the course of the loan (usually 6-12 months), lenders are able to track the borrowers progress, follow the positive impact the loan has made on the borrower and those he/she affects. Lenders are also able to receive monthly updates, which includes payment notifications, photos and email journal updates from the business you’ve sponsored. As loans are repaid, you get your loaned money back.

Anyone interested in participating in microfinancing to Mexico may do so at http://www.MATT.org. “

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