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Mexico’s ‘SOFOM’ Finance Firms Attempt to Broaden Loan Availability

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Abstract

The market presence of Mexican finance companies known as SOFOMES has expanded rapidly since the global financial crisis. The firms largely operate as independent outlets and provide financing to small- and medium-sized companies as well as to consumers for larger purchases. Authorities see SOFOMES as a way to expand credit to Mexico?s informal economy.

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  • Michael Perez & Kelsey Reichow, 2017. "Mexico’s ‘SOFOM’ Finance Firms Attempt to Broaden Loan Availability," Southwest Economy, Federal Reserve Bank of Dallas, issue Q4, pages 14-17.
    • Handle: RePEc:fip:feddse:00118
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