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Projet FINEM
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.
Client presentation
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).
Project description
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.
Project impact
By supporting the development of student loans, this project will promote access to higher education for young people from middle or low-income backgrounds.
26/08/2014
Date of signature of the project
Mexico
Location
Financing tool
4 927 864 Euros
Amount of funding
Loan of 88,25 MMXN
Financing details
FINANCIERA EDUCATIVA DE MEXICO SA DE CV
Client