Unión de Crédito Concreces SA de CV

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Unión de Crédito Concreces SA de CV
Unión de Crédito Concreces SA de CV
Working capital for portfolio expansion in Oaxaca and southern Mexico
MEXICO
Financial services
Microfinance
Unión de Crédito Concreces SA de CV (CONCRECES) is a well-established credit union supporting micro and small enterprises in the State
of Oaxaca and, to a smaller extent, in Puebla, Veracruz, Chiapas and the State of Mexico.
There is a high level of poverty in the State of Oaxaca, and almost half of its population works in the primary sector. Access to banks is
problematic, with one bank per 30,000 inhabitants versus the national average of 12,000. Hence, many small enterprises struggle to finance
their businesses.
Oikocredit chose to support CONCRECES as it is a member-based organization that plays an important role in the local economy. The
loans it provides are raised by fellow members which, among other things, ensures competitive interest rates and repayment commitment
among borrowers.
Based on the average size of the loans it provides, CONCRECES expects to be able to fund around 60 small enterprises, their staff and
families.
Created on August 13, 2017
(c) Oikocredit
1
Partner info
FACTS
SOCIAL PERFORMANCE
Loan of
80,000,000 MXN
Number of clients
162
Portfolio size
> 8 million USD
Female borrowers
19.0%
Sector
Financial services
Rural clients
5.0%
Subsector
Microfinance
Information last updated on July 31, 2017
Oikocredit international
I: www.oikocreditnorthwest.org
E: [email protected]
This document was produced by Oikocredit, Ecumenical Development Cooperative Society U.A. (Oikocredit International) with the greatest of care and to the
best of its knowledge and belief at the time of writing. Oikocredit International provides no guarantee with regard to its content and completeness and does not
accept any liability for losses which might arise from making use of this information.
Created on August 13, 2017
(c) Oikocredit
2

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