FINEM is a non-banking financial institution which finances education in Mexico. FINEM provides funds to private education institutions, but also allocates loans to Mexican students, with Proparco’s support.
FINEM is a non-banking financial institution which finances education in Mexico. It was set up in 2005 with support from the International Finance Corporation (IFC), the microfinance investment bank Developing World Markets (DWM) and Mexican private investors (GEG Controladora). Its objective is to support the development of the private education sector, by financing private schools and allocating student loans for a maximum amount of 300,000 pesos (EUR 17,000).
Proparco’s financing will support the development of its student lending activity, in a country where access to higher education is very much determined by the regional origin and family income.
By supporting the development of student loans, this project will promote access to higher education for young people from middle or low-income backgrounds.