Microfinance institution CrediTuyo in Mexico focuses on individual lending for both microenterprise and housing purposes and is unique in providing a stand-alone life insurance products available not only to their lending clients but also the public at large. CreditTuyo also provides clients with the opportunity to receive business development consulting services through its partnership with Tecnólogico de Monterrey, one of Mexico’s leading universities. The loan provided by Triodos-Doen will allow CrediTuyo to expand these services to an even larger population in base in the coming years.
KEY INDICATORS CrediTuyo at year-end 2012:
- number of loan clients: 5,817
- percentage female clients: 69%
- percentage rural clients: 5%
- average loan amount: EUR 375
- number of savings clients: -
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.