MFI Credicrece - Mexico - 6% p.a. loan
The amount of support can be chosen in further steps, the minimum support acceptable:
Credicrece S.A. de C.V. SOFOM ENR is a smaller MFI focused on improvement of life quality of women in rural Mexico, close to Atlacomulco city in federal state Estado de Mexico. More than thirty employees are currently working for Credicrece.
This institution provides credit services to almost two thousands of women, who form 98 % of the clientele. Credicrece provides two types of products - a typical four-month loans distributed to the Village Banks with a one-to two-week repayment of principal and interest and individual loans.
Loan amount: approx. 200 EUR
Conditions: 5.5 % p.a. at 12 months
Securities: Loan agreement
Credicrece finances its growth mainly from its own capital and so does not have significant obligations to creditors. Thanks to its relatively small size Credicrece needs external capital resources, since it does not reach larger bank loans, which is an opportunity for the audience of myELEN.com. The company is run in a minimalistic sober way, and its management philosophy is based on impressive experience of the founder, which permitted stability even during tough years of 2009-2010.