Microfinance > MFI

• 80% of the loans are individuals. Their amount vary from 5000 to 50.000 MXN (from 300 to 3.000 €)
• 20% of the loans are for groups of people or individual people who have prove their ability to pay back the loan they had contracted. The amount of these loans varies from 50.000 to 250.000 MXN (3.000 to 15.000 EUR)
  

ASP Financiera allows loans only after checking. The loan officer first checks the documents given by the borrower and that he or she does not have other debts in other financial institutions. ASP Financiera makes then its own scoring, and the loan is then approved after the common decision of the loan officer and his manager. A loan contract is signed between the two parties. Depending on the amount and the duration of the loan, but also on the customer’s seniority, the pay back is every week, every two weeks or every month. The maturity of loans varies from 5 months to 2 years. The pay back can be done at the bank or in a supermarket which has a partnership with ASP Financiera.

ASP Financiera only lends to microentrepreneurs who already run a business. It does not lend to microentrepreneurs who want to start a new business.

There is no selection between male and female, they are almost equally represented. Even if almost 20% of the loan portfolio are group loans, ASP Financiera does not want to develop this kind of loan, and even think about stopping them. The reason is that this kind of loan does not work in Northern Mexico.

ASP Financiera is looking for new clients directly in the street, or by visiting businesses or established microentrepreneurs. 150 loan officers cover the area of the four states where ASP Financiera works. The activity is concentrated in cities, and is very low in the countryside.

ASP Financiera refinances by itself and with the Mexican Government, and with private investors from North America (Desjardin) and Europe (Oikocredit, ResponsAbility, BlueOrchard, Planet Finance).