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Of all the countries employing the practice of microfinance Cheap Fake NHL Jerseys Sale , perhaps no country needs it more than Mexico. Microfinance in Mexico is critically important as it helps poor citizens, mostly women, pull themselves out of poverty to create a sense of permanent financial stability.

Take a look at these statistics that underscore the importance of growing microfinance's reach in Mexico:

About 50% of the Mexican population lives in poverty
Nearly 20% of Mexican citizens live in extreme poverty
Many children are forced to work in the streets to help make ends meet
The minimum wage in Mexico is equivalent to $4 USD per day
Mexico is one of the 4 worst countries in Latin America for income distribution

All of this adds up to one sobering fact: The Mexican population desperately needs help. And it needs help that goes far beyond a simple charitable donation or sending food and goods. These traditional charitable acts are kind gestures, but they only create short-term results.

That's why microfinance is so important in Mexico. Microfinance is the practice of giving small loans to the working poor. These loans are to be used to create small businesses Cheap Fake NHL Jerseys Replica , to save, and to invest. In addition to giving these small loans, microfinance institutions also educate borrowers on basic business principles and financial management techniques that will allow them to use this small sum to create a lifetime of financial independence.

At first, many people are skeptical of the concept of microfinance. But consider this: Over 100 million microfinance loans have been given to the poor throughout whole world Cheap Fake NHL Jerseys From China , and over 97% of these loans have been repaid. This shows that borrowers are learning how to use money wisely to grow it and pull themselves out of poverty.

But microfinance in Mexico still has a long way to go. The sad truth is much of the country is still living in extreme poverty. And while microfinance has been successfully used in Mexico, the institutions need more funding to reach all those who need these loans the most.

Thankfully, many nonprofit organizations are stepping up to the plate to raise money for microfinance institutions in Mexico and across the globe. One great example of this is the new philanthropic brand Lingerie Miami. The brainchild of Renata Black, Lingerie Miami is a runway show that raises funds for microfinance Cheap Fake NHL Jerseys China , empowering women throughout the world. The event attracts famous designers and top celebrities, bringing everyone together to support this important cause. Because the first Lingerie Miami show was so successful, the brand is being expanded to New York and other major cities throughout the world. The goal is to continue raising money to be used for microfinance loans that help poor women pull themselves and their families out of poverty.

The simple truth is there is still a long way to go before extreme poverty in Mexico is fully eradicated. But with the help of Lingerie Miami and other likeminded nonprofit groups, this dream is on its way to becoming a reality.
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