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Recipients in Mexico Favor Receiving US-Sent Remittances Through Companies that Contribute to Local Economic Development and Job Creation Projects

udes one dollar

from SEDESOL, one dollar from the state government, one dollar from the

local government and one dollar from the Clubes de Migrantes with one

more dollar from private companies, 92% of the respondents said they

were in favor of such a program (the 4+1 Program).

- Concerns surrounding the remittance industry are evolving: 51% of

respondents said that the most important factor when receiving money

from the US is that it arrives securely. For 17%, the most important

thing is that it arrives on time while 16% said it was to be able to

collect the money easily. 13% cited the cost of the transaction and

only 4% the exchange rate.

- 95% said that there are more choices now than five years ago regarding

the number of companies available to receive a remittance.

- 93% would be more likely to tell family and friends in the United States

to use a certain company upon learning that such a company contributed

one of the five dollars given by the 4+1 Program.

The Tomas Rivera Policy Institute is a nonprofit, independent institution founded in 1985 specialized in the key issues that affect the Latino community, including education, political participation, access to healthcare, economic well-being, mass media, and immigration. The Institute is based at the University of Southern California in Los Angeles with an office at Columbia University in New York.

For more information on the survey or questions related to it, please contact Mauricio Reyes at (55) 5511-2496 or at

SOURCE The Tomas Rivera Policy Institute
Copyright©2008 PR Newswire.
All rights reserved

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