Sr. San Miguel had sold his participation in the Credit Information Bureau recently  and was interested in devoting himself to the establishment of a sustainable program that would bring help to poor families for their economic self-sufficience. 

In April of 2005, after extensive Market studies, recruiting and training of the necessary personnel, FSMA opened its doors to the poor of the rural sector of San Cristóbal Province. By the middle of September, 2005, the foundation was serving more than 1,400 women with small loans that averaged out about US$200 for micro-business development. The active portfolio of the foundation at the end of 2005 was of about US$300,000 and the members kept compensations of capital in the order of about US$20,000 in capital formatioin. All the members had been chosen with a "Poverty Measuring tool" in the Grameen methodolgy style, to make sure that they belonged to families representative of the poorest of the poor in their respective communities. 

The business plan over 5 years for San Miguel Foundation plans to reach some 18,000 members for beginnings of 2010 and operational self sufficiency by mid 2009. In this initial phase of the organization, it's been financed by the founder's investments, and now President of the Board of Directors; but in the course of the next five years it is seeking to finance itself acceding local and international funds in the order of US $ 2.5 million.  Over 90% of these funds will go directly to finance the foundation's loan portfolio.

 Grameen Foundation USA (GF-USA)  is a not for profit international organization  whose purpose is expanding the successful program of micro-credit of Grameen Bank at world level. Grameen Bank is the micro-credit operation but nowadays renowned in the world. Established by Professor Yunus in Bangladesh, this commercial bank entirely dedicated to serve to the poor masses, now assists over 3.8 million poor, mostly landless women, with small loans and other financial services for the development of .micro business and housing needs. At the moment there are Grameen type programs in more than 40 countries of the world. GF-USA provides technical assistance and financing to programs focused in the microfinancing of the  world-wide poor.