Consejo de Asistencia al Microemprendedor, S.A. de C.V., SOFIPO (CAME)
OverviewCAME is Mexico's second-largest MFI, serving over 167,000 borrowers and savers around Mexico City.
DescriptionIFC: "CAMESA is the second largest MFI in Mexico, established in 2005 as a transition from Desarrolladora de Emprendedores AC (DEAC) a non-for-profit institution. Both CAMESA and DEAC are part of the CAME Program whose activities started in 1995. In December 2009, CAMESA was approved by the Banking and Securities Commission (CNBV) to operate as SOFIPO. With this approval, CAMESA is allowed to continue taking deposits from the public (not only credit clients).
As of December 2009, the Company had over 167,000 clients and together as CAME Group a total of 185,623 (approximately 89% women). CAMESA has a proven group (village banking) lending/savings business model which constitutes a solid base for continued growth. Although the company’s focus is group lending, it is also introducing individual lending and home improvement loans in order to retain and better serve its larger clients, whose needs go beyond traditional group lending products. CAMESA’s portfolio is comprised mostly of micro loans to groups averaging seventeen members per group and approximately MX$2,468 (US$190) per individual loan."
Microfinance Information Exchange (MIX) Profilehttp://www.mixmarket.org/mfi/came
Description comes from the IFC:
Page last modified on Wednesday 11 of August, 2010 14:52:23 MDT