With a loan of USD 1.5 million in Equipa-T Financiera, Incofin Microfinance Fund increases its presence in Mexico, which is currently still rather limited. Equipa-T was founded in 2006 and is a new client in the Incofin Microfinance Fund portfolio.
Equipa-T Financiera differentiates itself from its competitors thanks to very strong customer service with 50 offices in 8 different Mexican states. The institution focuses on speed, flexibility and reliability, something that is extremely important for micro and small entrepreneurs in middle-low and lower income communities of Mexico (60% of the population). This segment of the population has very limited access to financial services (35%), particularly access to credit.
In addition to micro-credits, Equipa-T also offers housing loans, financial education and business management training.
The institution currently has a loan portfolio of USD 25.7 million, serving more than 57,000 active customers.