Our work in Mexico dates back to 1994, with funding from USG and Mexican agencies. All of our work has been in credit union development, with a focus on savings mobilization, outreach to the rural poor, and youth. We helped credit unions develop products for and train children and youth in savings and entrepreneurship.
Through the Rural Microfinance Technical Assistance Project (PATMIR III, for its acronym in Spanish), we are working with 41 financial institutions to link rural residents - including women and indigenous populations - to formal financial institutions through an innovative rural finance methodology that combines banking correspondents and ICT. The project targets communities of less than 15,000 inhabitants in municipalities of medium, high, and very high marginalization, located in 19 states and 271 municipalities.
In 2011, the Mexican government's Bank of National Savings and Financial Services (BANSEFI) renewed, for the third time, our PATMIR program.
This field officer banking methodology has brought financial services to more than 484,000 marginalized people in Mexico in three years, with approximately 44 percent of these new members between 18–35 years of age.