Financiera Contigo, a Mexican lending firm, launches on Mintos

We welcome Financiera Contigo (authorized title CEGE Capital), a lending firm working in Mexico that can supply new funding alternatives on Mintos with rates of interest of as much as 12% every year.

Financiera Contigo was based in 2010 ​​by two brothers Allan and Emilio Cherem, who had been nominated by Forbes for Mexico’s “30 beneath 30” in 2017. At the moment, the corporate has round 2 500 staff, 170 branches and round 200 000 energetic shoppers. It has a complete internet mortgage portfolio of greater than €45 million (as of the top of February 2022), and is now one of many largest and most well-known microfinance firms in Mexico.

Its most important product – group loans – is targeted on supporting ladies with self-employment and small companies. In this sort of mortgage, a gaggle of no less than 8 individuals cross-guarantee one another’s repayments. Because of this, it additionally helps Financiera Contigo hold a low-risk portfolio leading to a non-performing loans (90 DPD) price of round 2% (as of February 2022 ).

Till late 2020, the corporate had been growing its Conmigo Vales voucher-loans product which launched on Mintos in August 2021 as a standalone firm. Financiera Contigo can be offering a gaggle assure to Conmigo Vales.

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