• Overview

BUSINESS MODEL AND MARKET FOOTPRINT

OUR PRODUCTS



productos

Payroll loans


productos Average loan: $64,990

productos Payment frequency: Every 2 weeks

productos Average term: 42 months

productos Average interest rate: 55.0%

productos Portfolio contribution: 61.5%

productos NPL ratio: 1.8%

productos Customers: 446,155

productos Target market: C+, C , C-, D , E

productos

SMEs loans


productos Average loan: $9,971,814

productos Payment frequency: Monthly

productos Average term: 28 months

productos Average interest rate: 22.0%

productos Portfolio contribution: 12.8%

productos NPL ratio: 0.5%

productos Customers: 606

productos Target market: A & B

productos

Used cars loans


productos Average loan: $193,944

productos Payment frequency: Monthly

productos Average term: 55 months

productos Average interest rate: 29.3%

productos Portfolio contribution: 8.5%

productos NPL ratio: 1.2%

productos Customers: 24,366

productos Target market: C+, C, C-

productos

Instacredit  


productos Average loan: $36,399

productos Payment frequency: Monthly

productos Average term: 41 months

productos Average interest rate: 56.0%

productos Portfolio contribution: 12.3%

productos NPL ratio: 1.3%

productos Customers: 159,178

productos Target market: C , C-, D , E

productos

CR USA


productos Average loan: $699,640

productos Payment frequency: Monthly

productos Average term: 18 months

productos Average interest rate: 30.0%

productos Portfolio contribution: 3.8%

productos NPL ratio: 0.2%

productos Customers: 2,575

productos Target market: D, E

productos

Others  


productos Average loan: $1,949

productos Payment frequency: Monthly

productos Average term: 4-12 months

productos Average interest rate: 100%

productos Portfolio contribution: 1.1%

productos NPL ratio: 5.9%

productos Customers: 257,367

productos Target market: C-, D, E

*Figures as of 2Q20.

OUR SUBSIDIARIES

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Ownership:  

99.99%   

 Kondinero is one of the leading originators of payroll loans in Mexico, counting on a high origination capacity among government and union workers with whom the Company has well-established relationships through its distributors. 

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Ownership:  

49.00%  

 Credito Maestro is a Mexican company with over 15 years of experience in the payroll loans market, specialized in satisfying the financial needs of Mexican workers, pensioners and retirees throughout the country. 

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Ownership:  

49.00%  

Credifiel is one of the largest distributors of payroll loans in Mexico both in terms of customer base and loan origination. It is known for its nationwide coverage and the experience of its sales team.

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Ownership:  

49.00%  

 Credito Real Arrendamiento offers the use and possession of tangible and durable assets during a specific time frame through the payment of a rent, providing all the advantages of a lease, including the options at the end of the contract: purchase or return the asset and extend the lease. 

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Ownership:  

51.00%  

 CR Fact grants loans for the acquisition of semi-new and used cars, counting on a solid network of branches located in Chiapas, Tabasco, Veracruz, Puebla, Morelos, State of Mexico, Guanajuato, Guadalajara, as well as Mexico City.  

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Ownership:  

70.00%  

 Instacredit is a recognized and well-positioned brand with a solid multiproduct platform (focusing on four business segments), has more than 15 years of experience and over 70 branches distributed in Costa Rica, Nicaragua and Panama. 

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Ownership:  

99.28%  

 Credito Real USA Finance, formerly known as AFS Acceptance, has operated since 1996 alongside both franchisees and independent dealers to offer used car loans in 32 US states through 560 systemwide distributors. 

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Ownership:  

23.19%  

 Camino Financial, business that grants credit to SMEs in the United States, is a fintech platform that by means of data science, innovates in the development financial and credit products for Latin-owned businesses in the United States. 

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Ownership:  

36.28%  

 Credito Contigo is engaged in the origination of working capital loans tailored to the needs of its customers, primarily women with a productive or commercial activity, under a group loan methodology. It also provides integral advisory services. 

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Ownership:  

23.00%  

 Somos Uno, just as Credito Contigo, is a specialized operator who originates group loans tailored to the specific needs of micro-entrepreneurs and self-employed individuals. 

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Ownership:  

36.07%  

 Resuelve provides credit repair services focused on people with debt problems, including advice on savings plans and negotiating with creditors to reach an agreement and settle their debts. At the end of the program, the customer is subject to credit approval. 

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Ownership:  

35.06%  

 Credilikeme’s main activity is granting loans through an online platform, which allows clients to access same-day consumer loans with an average principal of Ps. 2,926. First-time clients initially have access to smaller loans; however, when a prepayment is made, the system rewards the client with access to a larger loan at lower interest rate and longer term.