Creation date: 2013
Location: Ciudad de México
Sector of activity: Other industries
Social issue: Diversity (people in state of exclusion, minorities and people with disabilities) · Environment and rural settings · Other
There are many entrepreneurs in rural communities in Mexico who lead projects in the production sector with positive social or environmental impact, potential to generate jobs and improve the quality of life of their families and communities. Nevertheless, this population is invisible to traditional financial institutions.
El Buen Socio is an ethical financial institution engaged in providing funding for projects in the production sector with a positive environmental or social impact in rural or highly marginalized areas. Payment and dispersion schedules, as well as the requirements, are adjusted to the realities of this environment. "The loans we provide are tailor-made for each project," they explain on their website. "We don't have deadlines and preset fixed amounts, because these are adapted according to the flows of the business. We offer competitive interest rates, personalized support and a relationship based on trust." Its mission is to offer ethical financial services that enable people to improve their quality of life.
The first years of operation of El Buen Socio have allowed this company to gain experience regarding its funding model. The next step is to grow the project on the basis of the experience acquired.
El Buen Socio is generating positive credit history to gain access to more and better investment. In addition, it has forged a strong network of alliances with civil society organizations specializing in working with producers in rural areas.