“To be the largest non-banking financial institution in the world serving the Latino market, providing specialized and simple financial solutions”.
Our business model approach is focused on the client and on financial inclusion of the segments with limited access to traditional banking services.
Crédito Real’s robust business model harnesses its own competitive advantages and those of its distributors.
Crédito Real is known for working with our stakeholders towards the achievement of common objectives. This virtuous circle enables us to increase our visibility among the business community, and by increasing investment value and long-term profitability we gain access to more capital, thus ensuring and repaying the confidence and loyalty of our stakeholders.
To Crédito Real our consolidation as the company with the best services in the segments in which we participate is of the utmost importance. For this reason, we focus our efforts on seeking the most innovative solutions for the needs of our clients.
Our robust business model enabled us to exceed all our objectives and goals in 2018.
The diversification of our business model allows us to implement a robust platform for developing, promoting, creating and billing a wide variety of loan services.
* The origination of durable good loans ceased as of July 2016, and only internal collection activities for the performing portfolio are being carried out.
As to December 31, 2018, we had a base of 47,756 clients with an approximate worth of MXN $353.60 million.
Portfolio by product 2018
* The origination of durable good loans ceased as of July 2016, and only internal collection activities for the performing portfolio are being carried out.
As to December 31, 2018, we had a base of 47,756 clients with an approximate worth of MXN $353.60 million.
We operate this business line in Mexico and Honduras. It is aimed at union workers and pensioners in the federal and state public sector and is charged against the payroll; there are currently 13 distributors in the network.
We have taken this type of loans to Costa Rica, Nicaragua and Panama through our Instacredit subsidiary in benefit of low-income and limited access to traditional banking sectors, offering consumer loans, car loans, PYMES loans and mortgage loans.
Recognized brand with 19 years of experience and 64 branches in Costa Rica, Nicaragua and Panama.
This category operates in Mexico and the United States and serves the Hispanic market with limited access to traditional banking by offering financing for the acquisition of semi-new and used cars through dealership agreements.
Through this category –present in Mexico– we finance needs for short and long-term capital with lines of non-revolving credit to fund requirements of working and investment capital. We do this through our alliance with Fondo H, an originator focused on granting loans to growing small and medium-sized companies in Mexico in the manufacturing, distribution and service branches. With one home brand we have five sale representatives: three Fondo H and two home representatives.
This category is present in Mexico and is aimed at micro-entrepreneurs –mainly women from the un-banked sector– who form small credit groups formed by 12 to 25 individuals. Its main objective is to provide financing facilities for working capital needs of micro-businesses through the Contigo and Somos Uno associations with a network of 185 branches and 1350 promoters.
We grant productive group loans to women from rural towns for individual and family quality-of-life improvement.
We grant group loans to women who have a business or intend to start one.
On July 18, 2016 the decision was made to gradually withdraw from this type of loans; origination was stopped and only the default portfolio is being collected.
We provide credit repair services focused on individuals in over-indebtedness and consultancy on saving plans. We also aid in client rehabilitation by negotiating with creditors a debt settlement plan, enabling clients to recover their credit worthiness.