Mexican microlender in deal with Oxxo corner stores

Posted on: June 4th, 2008
Filed Under: [ Business ] [ Non-US News ] [ Blogante Business ]
Tags: ,
Knowledge is Power!

“Compartamos, a Mexican bank that makes small loans to family businesses, said on Tuesday it reached a deal to let clients make their debt payments through Oxxo corner stores, owned by drinks company Femsa.

Compartamos (COMPARTO.MX: Quote, Profile, Research), whose $400 million stock market listing last year raised eyebrows among microlending traditionalists, has nearly 1 million clients but does not handle cash.”*

Stumble it! | | AddThis Feed Button

HispanicTips = Relevant




Feedback Form