Mexican microlender in deal with Oxxo corner stores

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.”*

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