REGIONAL FUND FOR INDIGENOUS WOMEN IN THE ZIRAHUÉN LAKE REGIÓN OF PÁTZCUARO: CHALLENGES FOR ITS TRANSFORMATION INTO A CREDIT DISPERSOR
The conviction that there is a virtuous link between financing and economic growth has resulted in the government promoting financial services. The new financial policies seek to encourage, with particular interest, the inclusion of the population segments that are seldom attended by the commercial...
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| Format: | Article |
| Language: | English |
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Universidad Autónoma Indígena de México
2014-07-01
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| Series: | Ra Ximhai |
| Subjects: | |
| Online Access: | https://drive.google.com/a/uaim.edu.mx/file/d/0B3tidJTiCU5eR1J6WHlWbjZUOWc/view |
| _version_ | 1819042855627259904 |
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| author | Laura Elena Garza-Bueno Ma. de los Ángeles Rodríguez-Santiago Lourdes Gómez-García |
| author_facet | Laura Elena Garza-Bueno Ma. de los Ángeles Rodríguez-Santiago Lourdes Gómez-García |
| author_sort | Laura Elena Garza-Bueno |
| collection | DOAJ |
| description | The conviction that there is a virtuous link between financing and economic growth has resulted in the government promoting financial services. The new financial policies seek to encourage, with particular interest, the inclusion of the population segments that are seldom attended by the commercial and development banks. One of the least attended segments is that found in the rural areas.
This is explained by their widely-spaced geographic dispersion, which characterizes the sector. For this reason, verification and follow-up are costly, and agriculture is a high risk activity.
To solve this problem, new financial intermediary figures are needed. These figures must operate under schemas that are in accord with local needs. This is the case of the Regional Fund for Indigenous Women of the Zirahuén Lake Region of Pátzcuaro Uarhiti Anchikurhiricha A.C. that currently attends—as a credit dispersor—1774 indigenous women who work basically in handcrafts, avocado production and livestock raising.
The experience of this fund is outstanding for its evolution and reach among indigenous women. Given the breadth of the analysis of both aspects, this paper focuses only on the first: the transformation of a subsidy operating Fund into one that administers loans. The complex evolution of the Fund, its technical and financial challenges, in addition to gender problems the women who head the financial organism face, are the object of the study presented here. The results of the study show that managing the change depends on how convinced the leaders of the financial organism are of the importance of the loans as well as on their full comprehension of the demands and possibilities. Above all, however, is their conviction that the women themselves are those that should operate the Fund. |
| first_indexed | 2024-12-21T09:47:31Z |
| format | Article |
| id | doaj.art-fde5acd0c89844baba38763c59b724c6 |
| institution | Directory Open Access Journal |
| issn | 1665-0441 1665-0441 |
| language | English |
| last_indexed | 2024-12-21T09:47:31Z |
| publishDate | 2014-07-01 |
| publisher | Universidad Autónoma Indígena de México |
| record_format | Article |
| series | Ra Ximhai |
| spelling | doaj.art-fde5acd0c89844baba38763c59b724c62022-12-21T19:08:18ZengUniversidad Autónoma Indígena de MéxicoRa Ximhai1665-04411665-04412014-07-0110Especial 783100REGIONAL FUND FOR INDIGENOUS WOMEN IN THE ZIRAHUÉN LAKE REGIÓN OF PÁTZCUARO: CHALLENGES FOR ITS TRANSFORMATION INTO A CREDIT DISPERSORLaura Elena Garza-BuenoMa. de los Ángeles Rodríguez-SantiagoLourdes Gómez-GarcíaThe conviction that there is a virtuous link between financing and economic growth has resulted in the government promoting financial services. The new financial policies seek to encourage, with particular interest, the inclusion of the population segments that are seldom attended by the commercial and development banks. One of the least attended segments is that found in the rural areas. This is explained by their widely-spaced geographic dispersion, which characterizes the sector. For this reason, verification and follow-up are costly, and agriculture is a high risk activity. To solve this problem, new financial intermediary figures are needed. These figures must operate under schemas that are in accord with local needs. This is the case of the Regional Fund for Indigenous Women of the Zirahuén Lake Region of Pátzcuaro Uarhiti Anchikurhiricha A.C. that currently attends—as a credit dispersor—1774 indigenous women who work basically in handcrafts, avocado production and livestock raising. The experience of this fund is outstanding for its evolution and reach among indigenous women. Given the breadth of the analysis of both aspects, this paper focuses only on the first: the transformation of a subsidy operating Fund into one that administers loans. The complex evolution of the Fund, its technical and financial challenges, in addition to gender problems the women who head the financial organism face, are the object of the study presented here. The results of the study show that managing the change depends on how convinced the leaders of the financial organism are of the importance of the loans as well as on their full comprehension of the demands and possibilities. Above all, however, is their conviction that the women themselves are those that should operate the Fund.https://drive.google.com/a/uaim.edu.mx/file/d/0B3tidJTiCU5eR1J6WHlWbjZUOWc/viewfinancial institutionssmall and medium enterprises (PyMES)rural women |
| spellingShingle | Laura Elena Garza-Bueno Ma. de los Ángeles Rodríguez-Santiago Lourdes Gómez-García REGIONAL FUND FOR INDIGENOUS WOMEN IN THE ZIRAHUÉN LAKE REGIÓN OF PÁTZCUARO: CHALLENGES FOR ITS TRANSFORMATION INTO A CREDIT DISPERSOR Ra Ximhai financial institutions small and medium enterprises (PyMES) rural women |
| title | REGIONAL FUND FOR INDIGENOUS WOMEN IN THE ZIRAHUÉN LAKE REGIÓN OF PÁTZCUARO: CHALLENGES FOR ITS TRANSFORMATION INTO A CREDIT DISPERSOR |
| title_full | REGIONAL FUND FOR INDIGENOUS WOMEN IN THE ZIRAHUÉN LAKE REGIÓN OF PÁTZCUARO: CHALLENGES FOR ITS TRANSFORMATION INTO A CREDIT DISPERSOR |
| title_fullStr | REGIONAL FUND FOR INDIGENOUS WOMEN IN THE ZIRAHUÉN LAKE REGIÓN OF PÁTZCUARO: CHALLENGES FOR ITS TRANSFORMATION INTO A CREDIT DISPERSOR |
| title_full_unstemmed | REGIONAL FUND FOR INDIGENOUS WOMEN IN THE ZIRAHUÉN LAKE REGIÓN OF PÁTZCUARO: CHALLENGES FOR ITS TRANSFORMATION INTO A CREDIT DISPERSOR |
| title_short | REGIONAL FUND FOR INDIGENOUS WOMEN IN THE ZIRAHUÉN LAKE REGIÓN OF PÁTZCUARO: CHALLENGES FOR ITS TRANSFORMATION INTO A CREDIT DISPERSOR |
| title_sort | regional fund for indigenous women in the zirahuen lake region of patzcuaro challenges for its transformation into a credit dispersor |
| topic | financial institutions small and medium enterprises (PyMES) rural women |
| url | https://drive.google.com/a/uaim.edu.mx/file/d/0B3tidJTiCU5eR1J6WHlWbjZUOWc/view |
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