remittance

The money loved ones send back from the US is known as remittances, and these are propping up Guatemala's economy.

Many funded their move through non-institutional loans, later sending remittances to their families.

Mexican immigrants in the United States are also pillars of the Mexican economy, sending more than $60 billion annually in remittances back to their homeland.

Those remittances represent a pillar of the Mexican economy.

Mexico received $63.3 billion in remittances last year, nearly all of it from migrants living in the U.S.