Grupo Murlota, a woman-owned provider of chickens and related supplies, financing and training in Mexico, recently borrowed an undisclosed sum from Beneficial Returns, a US-based lender to social enterprises in Latin America and Southeast Asia. The loan will help fund a new building at which Murlota will incubate eggs and provide training to its clients, who are generally women who live in rural areas.
Murlota provides clients with 10 to 1,000 birds, supporting 40,000 farms in raising free-range hens and selling organic eggs and meat in 20 Mexican states. Its three entities act as: (1) a producers’ organization; (2) a lender to women in solidarity groups; and (3) a training provider and distributor of eggs and meat. Murlota is based in the state of Sinaloa.
Based in the city of Portland, Oregon, Beneficial Returns issues loans ranging in size from USD 50,000 to USD 500,000 with the aim of reducing poverty and protecting the natural environment. As of June 2022, it reports a portfolio of USD 4 million. The firm has 16 borrowers and 14 investors, comprising a mix of individuals and private foundations.
Sources and Additional Resources
LinkedIn post
https://www.linkedin.com/embed/feed/update/urn:li:share:7003141858872696832
Grupo Murlota homepage
https://www.grupomurlota.com
Beneficial Returns homepage
https://www.beneficialreturns.com
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