Peso power brings hope to poor

Friday, June 30, 2006

Excerpt: Every weekend Hilario Amador makes the short journey to the city centre of Zacatecas where he deposits 120 pesos with Patrimonio Hoy, a self-help building scheme run by Cemex, Mexico’s largest cement company.

The money is equal to about 20 per cent of his weekly wage at a local abattoir and it has allowed the 38-year-old to receive regular supplies of the materials he needs to tile the floor, repair the roof and build two extra rooms at his modest single-storey home nearby.

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Thanks to Pablo Halkyard at PSD Blog for this article.

Source: Financial Times (link opens in a new window)