Compartamos Banco
Encyclopedia
Compartamos Banco is a Mexican bank and its the largest microfinance bank in Latin America
serving over more than 2 million clients. The bank was founded in 1990 and its headquartered in Mexico City.
The bank its also engaged in Credit and Insurance sector. In the Credit division, Compartamos offers a range of loans, including Woman Credit, Additional Credit, Home Improvement Credit, Solidarity Credit and Individual Credit asn in Insurance Division it provides Life Insurance and Integral Insurance. Has 352 services offices in the Mexican domestic market.
In 1990, within this context, the Income Generation Program was created by Compartamos Banco, providing opportunities and offering credit as a mean to make microbusiness grow and to contribute to Mexico’s development.
1990
- Commenced operations as NGO
2000
- Incorporated as a SOFOL
2006
- Transformed into a commercial bank
2008
- Incorporated to the IPC
Crédito Mujer (Women Credit) A credit granted personally to women in groups from 12 to 50 members, with solidarity guarantee, for investment in their business.
Crédito Comerciante (Merchant Credit) A group credit granted to groups of 5 to 8 entrepreneur men and/or women with solidarity guarantee.
Crédito Crece Tu Negocio (Grow your Business Credit), this grants a greater financing for men and/or women who need to make a stronger investment in their business, with a personal guarantee.
Crédito Mejora tu Casa (Home Improvement Credit), is granted to clients with a Crédito Mujer who need financing to build of improve their house.
Latin America
Latin America is a region of the Americas where Romance languages – particularly Spanish and Portuguese, and variably French – are primarily spoken. Latin America has an area of approximately 21,069,500 km² , almost 3.9% of the Earth's surface or 14.1% of its land surface area...
serving over more than 2 million clients. The bank was founded in 1990 and its headquartered in Mexico City.
The bank its also engaged in Credit and Insurance sector. In the Credit division, Compartamos offers a range of loans, including Woman Credit, Additional Credit, Home Improvement Credit, Solidarity Credit and Individual Credit asn in Insurance Division it provides Life Insurance and Integral Insurance. Has 352 services offices in the Mexican domestic market.
History
Accelerated population growth in Mexico and the rest of Latin America has surpassed the capacities that companies have to provide work, and people search to carry out production activities, known as micro-companies, to acquire income.In 1990, within this context, the Income Generation Program was created by Compartamos Banco, providing opportunities and offering credit as a mean to make microbusiness grow and to contribute to Mexico’s development.
1990
- Commenced operations as NGO
2000
- Incorporated as a SOFOL
2006
- Transformed into a commercial bank
2008
- Incorporated to the IPC
Products and Services
CreditCrédito Mujer (Women Credit) A credit granted personally to women in groups from 12 to 50 members, with solidarity guarantee, for investment in their business.
Crédito Comerciante (Merchant Credit) A group credit granted to groups of 5 to 8 entrepreneur men and/or women with solidarity guarantee.
Crédito Crece Tu Negocio (Grow your Business Credit), this grants a greater financing for men and/or women who need to make a stronger investment in their business, with a personal guarantee.
Crédito Mejora tu Casa (Home Improvement Credit), is granted to clients with a Crédito Mujer who need financing to build of improve their house.