Credipyme is a credit union that specializes in SMEs. Many of its members are sole proprietorships or family-owned businesses with limited access to credit on competitive terms because of the amount of financing they require, their informal structure, their inability to provide security, or their limited ability to meet financial reporting requirements.
The IIC loan will enable Credipyme to offer more flexible financial products, thereby increasing its volume of operations and improving access to and terms of financing for small enterprises. Credipyme expects to finance up to twenty operations with the funds provided by the IIC. The scarcity of medium- and long-term sources of financing affects many small, specialized financial institutions in Mexico. For example, this is the first time that Credipyme has been able to tap an international source of medium-term funding. The transaction with the IIC should encourage other international financial institutions to provide medium- and long-term funding to Credipyme.
United States Dollar