New York City to Mexico City – Pre-Fellowship Musings
13 July 2009 at 18:50 Julia Kastner 2 comments
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!
Entry filed under: KF9 (Kiva Fellows 9th Class), Mexico, United States. Tags: Chinatown, Mexico, Mexico City, New York, NYC, USA.
1. Marco | 20 September 2009 at 17:52
Julia:
Thanks for yor thought and fellowship with Mexican Microentepreneurs trough KIVA. Regarding your questions; one difference betwen that NYC small businesses and Mexican, here we stablish some of about 700,000 small bsuinesses by year, but saddly, more than 400,000 close in their first year of operations and another 200,000 in the second year. That means that just 100,000 keep on business, I’m talking all over the country. Another information that could interest you is that more than 4 million micro-entepreneurs in Mexico operates in the informallity, on streets, and in their own houses, and they not operate in some regular stablishment. Banking services are not available for microentepreneursm that why in Mexico exists more than 500 microfinance institutions, but the real thing is that they charge many times, excesive interest rates, and many of them lost their social focus. So Mexico has a gap in the middle entepreneurs, because the Formal Banking is not interested in loan to them, but the Microfinance institution are to expensive. Hope you be more interested in Mexico. Just a final note; I can tell you this because I´m theaching mexican small business in the University and I have the opportunity to work directly with Microfinance Institutions.
2. Unilove | 14 July 2009 at 22:41
An enjoyable and thoughtful video, on a hot topic as well. You Fellows venture out into the field and bring back little wrapped presents in the form of posts, that we can unwrap and enjoy. Okay, okay, I got a little poetic there, but the truth is ~ the Fellows blog rocks!