--- title: Empowering Mexican Women with Financial Stability description: CHOICE Humanitarian believes in the untapped potential of women. Learn about how the women of Mexico were able to expand their financial power with a little boost. image: https://blog.choicehumanitarian.org/hubfs/caja5-1.jpg --- [![Vector CHOICE Logo (4)_no tag](https://blog.choicehumanitarian.org/hubfs/Vector%20CHOICE%20Logo%20(4)_no%20tag.png)](https://choicehumanitarian.org/) - [OUR WORK](https://choicehumanitarian.org/our-work/) - [JOIN AN EXPEDITION](https://choicehumanitarian.org/expeditions/) - [ABOUT US](https://choicehumanitarian.org/vision-and-mission/) - [BLOG HOME](https://blog.choicehumanitarian.org) [DONATE](https://choicehumanitarian.org/donate/) Economic Development # Empowering Mexican Women with Financial Stability CHOICE Humanitarian believes in the untapped potential of women. Learn about how the women of Mexico were able to expand their financial power with a little boost. [Andee DeVore, Central Office Team](https://blog.choicehumanitarian.org/author/andee-devore) Jan 16, 2023 --- # Where the Cycle Begins   For women in Mexico’s rural villages, many factors contribute to the cycle of poverty. Research shows that financial savings are a powerful tool for poverty reduction, particularly for the most underserved members of society. Unfortunately, there are few, if any, banking options available to those living in rural poverty due to a lack of collateral. Because of this, community members often lack the financial literacy to accrue savings.   # Introducing the WSGP    To overcome devastating poverty and provide community members with the resources to save, CHOICE Humanitarian helped launch the Women’s Savings Group Program (WSGP) in Nuevo Valle, El Borrego, Peñitas Dos, and San Martin. Supported by the Trimble Foundation, the WSGP is a simple, community-owned savings and loan program where women save together and borrow from their joint savings to fund personal, business, and development needs.   ![25173670836_19b6cae2bd_o](https://blog.choicehumanitarian.org/hs-fs/hubfs/25173670836_19b6cae2bd_o.jpg?width=3264&height=2448&name=25173670836_19b6cae2bd_o.jpg) In the first six weeks of the program, CHOICE’s front-line employees, known as Rural Development Facilitators, identified and organized a cooperative of women who saved small sums into a joint fund held in a secure lockbox. Each WSGP participant had a personal savings bag within the box and was required to put money, no matter how small the amount, into the box each week.   After six months, over 70 participants across these four rural communities began to work together to mitigate the barriers to female economic empowerment within their communities. They did this by allocating funds as needed toward three objectives:    - Ensuring each woman and her family’s basic needs were met  - Ensuring each woman and her family developed adequate food production    - Enabling women in the community to start their own micro-enterprises so they could earn extra income and re-invest more money into the WSGP **The Women Savings Group Program Blooming  ** Expansive participation in the WSGP resulted in amplified funding possibilities which permitted the majority of participants to choose to use their savings to build chicken coops and purchase chicks to raise for laying eggs. Each week, 50-85 eggs were harvested, allowing participants’ families to both consume and sell the produce for income.    ![aves6](https://blog.choicehumanitarian.org/hs-fs/hubfs/aves6.jpg?width=3264&height=2448&name=aves6.jpg) Over 2,500 individuals were impacted by the WSGP through the increase in economic opportunity for participants, with a few initial participants already achieving financial independence with their chicken businesses (a process that typically takes 4-5 years of consistent WSGP participation).  With this program, the WSGP participants were able to break the cycle of poverty and replace it with a cycle of entrepreneurship and financial stability.  [Economic Development](https://blog.choicehumanitarian.org/tag/economic-development) [Mexico](https://blog.choicehumanitarian.org/tag/mexico) [Livestock](https://blog.choicehumanitarian.org/tag/livestock) [Gender Equity](https://blog.choicehumanitarian.org/tag/gender-equity) ## Similar posts Economic Development ### [Raising Ducks and Raising Hope: Women’s Cooperative in Peru](https://blog.choicehumanitarian.org/raising-ducks-and-raising-hope-womens-cooperative-in-peru) The women of Pampa de Los Silva knew they wanted to create change. CHOICE gave them tools for empowerment. Gaby M. Rojas, Central Office Team Dec 21, 2022 Economic Development ### [Leadership Mentoring in Ecuador: Creating Systemic Change](https://blog.choicehumanitarian.org/leadership-mentoring-in-ecuador-creating-systemic-change) CHOICE Humanitarian, along with local leadership, identified issues and worked together to change the region’s organizational capacity. Gaby M. Rojas, Central Office Team Jan 25, 2023 Bolivia ### [Helping Young Entrepreneurs in Bolivia Grow](https://blog.choicehumanitarian.org/helping-young-entrepreneurs-in-bolivia-grow) When COVID-19 struck the world, these youths in Bolivia didn't let it stop their educational journeys. Gaby M. Rojas, Central Office Team Jan 19, 2023 ### WITH YOUR SUPPORT CHOICE Humanitarian can mobilize rural poverty solutions. 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