Mexico’s ‘SOFOM’ Finance Firms Attempt to Broaden Loan Availability

4 Pages Posted: 22 Jan 2018

See all articles by Michael Perez

Michael Perez

Federal Reserve Banks - Federal Reserve Bank of Dallas

Kelsey Reichow

Federal Reserve Banks - Federal Reserve Bank of Dallas

Date Written: 2017

Abstract

The market presence of Mexican finance companies known as SOFOMES has expanded rapidly since the global financial crisis. The firms largely operate as independent outlets and provide financing to small- and medium-sized companies as well as to consumers for larger purchases. Authorities see SOFOMES as a way to expand credit to Mexico’s informal economy.

Suggested Citation

Perez, Michael and Reichow, Kelsey, Mexico’s ‘SOFOM’ Finance Firms Attempt to Broaden Loan Availability (2017). Southwest Economy, Issue Q4, pp. 14-17, 2017, Available at SSRN: https://ssrn.com/abstract=3105901

Michael Perez (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of Dallas

2200 North Pearl Street
PO Box 655906
Dallas, TX 75265-5906
United States

Kelsey Reichow

Federal Reserve Banks - Federal Reserve Bank of Dallas

2200 North Pearl Street
PO Box 655906
Dallas, TX 75265-5906
United States

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