El microfinanciamiento: una alternativa en el combate a la pobreza extrema en Sonora.

This article provides a critical analysis to the Grameen Bank (GB) experience in Bangladesh, in order to understand its operation essential elements. GB is a unique financial institution which has successfully developed an effective method to reach the poorest of the poor. The bank financial model has replaced loan collateral physical requirements by group responsibility. By organizing poor individuals into groups, the social and financial conditions are created, enabling them to receive loans. Its financial intermediation model also promotes the poor's productivity and income. In the same way, the implementation of the model contributes to raise their loan repayment rate, and hence, increases GB's financial viability. Likewise, this paper presents a business plan and discusses an action design to implement a GB prototype in Miguel Alemán, a small town in the municipality of Hermosillo, Sonora, México. Duplicating the GB's model in rural México constitutes a challenge that demands important adaptations on the original model, as well as in management's procedures, according to the social religious and cultural differences between México and Bangladesh. However, based on a business plan, we consider that a credit program for poor women in Miguel Alemán, offers lasting and economical viability. [ABSTRACT FROM AUTHOR]