Credifiel was based in 2005 as one of many pioneers in payroll lending and since then has grown to be the High 5 payroll mortgage supplier in Mexico by increasing throughout smaller cities the place banks don’t have branches and folks lack entry to credit score although they match the borrower profile.
Credifiel’s clients are staff of presidency companies and federal states. Public sector jobs have a really low worker turnover, thus guaranteeing larger mortgage compensation charges. As inherent safety, the mortgage repayments are deducted instantly from the staff’ payroll. To verify their shoppers are creditworthy, Credifiel has a staff of consultants in safety evaluation that features not solely the common monetary checkups and KYC but in addition particulars resembling signature evaluation to keep away from potential id frauds.
The safety of Credifiel’s funding alternatives consists of a direct mortgage project complemented by an additional layer of pledges over loans listed on Mintos, that are established to safe investor claims. There’s additionally a third-party belief supplier securing the money flows, and Mintos is the primary beneficiary of the repayments coming from specific mortgage agreements.
