American Microlander to expand functions in Mexico

On Wednesday, Microllander from the United States, which offers small loans to customers in Mexico and a few countries, announced on Wednesday that it has a $ 150 million loan to expand its business in Mexico.

California -based Findch Company One said Release It was closed in debt with Newbergar Berman, a New York -based investment management company.

“This facility will support the company’s fastest growing business Mexico, ”said.

“The story The company wants to improve its debt skills from this feature and trigger its current task of providing a truly measured, data-working infrastructure, ”the company said.

“… With the initial firm capital US $ 75 millionEnables facility Stories Draw the draft US $ 150 millionCreating this Story The largest capital markets to date underline the transaction and its operations and the strength of the pathway Mexico, ”said.

In an interview with Reuters, Talala CEO and founder Sivana Chiroya said that many customers in Mexico are owners of small businesses. He said that Tala had more than 3 million customers in Mexico and gave loans worth $ 500 million in the country last year.

He said that through the capital credit facility, it could be accessed “for the development of our Mexico business”.

“When we think about how to expand access, it is … it starts to talk about different sites and embedded allies,” Siroya told Reuters.

“The second piece is, how do we give a higher value?” Therefore, does it begin to think about higher (debt) limits, high energy prices, specific credit products, “he said.

Study Mexico websiteThe maximum debt is currently 10,000 pesos (about US $ 500), at least 500 pesos (US $ 25). The period of personal loans 15 to 61 days and standard interest rates start at 11%.

Customers can apply for loans using the mobile app of the Tala, and the loans can be recognized in minutes without checking the loan’s credit history.

Siroya said the average debt in Mexico was about 2,300 pesos (US $ 114).

He also offers loans in Kenya, India and the Philippines.

In Latin America, Tala told Siroya Reuters that “there is still a lot to come this year,” indicates that it will expand to other countries of the region.

In other Finds that offer loans in Mexico Nubank of Brazil And Confo -based City.

With reports from Reoid