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

Michael Perez and Kelsey Reichow

Southwest Economy, 2017, issue Q4, 14-17

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.

Date: 2017
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