Finae SAPI de CV Sofom ENR

Creating opportunities through social impact education credits

Mexico

FINAE is a non-banking financial institution that grants study loans to young Mexicans who want to obtain a bachelor's degree or do a postgraduate course at a private Mexican university.

FINAE was founded by a group of local investors who wanted to support students from low to middle-low segments of society. It focuses on students who have good academic performance, but have insufficient resources to pursue a college degree at a private university and are enable to enrol at a public university due to saturation.

FINAE has adopted a well-structured strategy and offers students a range of three credit products to match students’ demand and repayment capacity. It has partnered with a number of international funds, including Oikocredit.

The institution has an important socioeconomic impact on Mexican society as it enables promising students to pursue an academic career and create better career perspectives. Its business model is a response to the current situation in Mexico where public universities are forced to reject around 350,000 students each year because they don't have enough capacity. The alternative is enrolling at a private university and this route used to be exclusively available to students from well-off families.

FINAE has been an Oikocredit partner since 2009.