Rubin Foundation Awards Grant to R.I.S.E. Artisan Fund
The Marvin and Sylvia Rubin Family Foundation announced that it has awarded a grant to R.I.S.E. Artisan Fund to fund a textile project led by Maddalena Forcella and Ana Paula Fuentes, social designers based in Oaxaca in southern México.
The designers will be working with 26 indigenous weavers in San Bartolo Yautepec, a Zapotec village in the highlands of Oaxaca. Using back-strap looms that predate the arrival of Spanish colonialists, the Zapotec weavers produce fabric with intricate brocade motifs. The fabric is then used to create huipiles, traditional Mexican garments. “For us, these are some of the most beautiful huipiles in México,” Fuentes said. “But unfortunately the weaving tradition has been disappearing little by little, mainly because of the lack of markets. Many women have stopped weaving.”
Why We Invested: Iluméxico
R.I.S.E. Artisan Fund has joined Beneficial Returns, an impact investment fund manager, in an impact investment to improve the lives of rural Mexicans and protect the environment. R.I.S.E. Artisan Fund is participating in a loan that Beneficial Returns has extended to Iluméxico, a social enterprise delivering solar energy solutions to remote Mexican communities.