Abstract
Microenterprises are invaluable at stabilizing family incomes. These microenterprises rely heavily on microfinances and microcredit. However, there is little evidence that these microenterprises grow into small and medium enterprises (SMEs) that lead to wealth creation and truly move families out of poverty. The same restrictions that are often the cause of poverty still work to inhibit the growth of microenterprises into SMEs. The primary inhibitors to this growth are the lack of education, specifically business education, and capital. The authors discovered that these factors are also true for the Afro-Mexican population in the Costa Chica (long coast, in Spanish). A co certed effort is needed to provide greater access to business education and capital so that the region might be able to catch up with the rest of Mexico in terms of economic growth.
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