Word: coatetelco
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Dates: during 2003-2003
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...thousands of tiny villages around the globe, Western Union serves as the main link to the global economy. About 100 miles south of Mexico City, in a valley framed by towering pre-Columbian ruins, sits Coatetelco, population 15,000, which has a beauty parlor but no bank. A few people grow maize, chilies and fruit, but remittances--mostly from agricultural or construction workers in Georgia and the Carolinas--account for a staggering 90% of the villagers' incomes. Patricio, 49, who stopped working in the U.S. three years ago, says sending money to Coatetelco has become more convenient and less expensive...
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