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funding gap emerging markets
Mexico

Creze 16

  • Creze
  • Invest in microfinance
  • + 320 other investors
  • Eduardo’s first loan from Creze enabled him to purchase a new printing machine for his advertising display business. Your investment helps Creze empower about 10 SMEs like Eduardo's, directly tackling financial barriers in Mexico.

    €100,000
    Amount
    8.00%
    Interest
    36 months
    Maturity
    1 months
    Repayments
    USD
    Currency
    Amount€100,000
    Interest8.00%
    Maturity36 months
    Repayments1 months
    CurrencyUSD
      100%
      Fully funded in 16 days on 11 April 2024.

      The project

      Eduardo turned to Creze for financial support when he needed a new printing machine back in 2022 and later for ongoing operational needs. This was crucial for him because he didn’t have a credit history, and without that, he could not apply for a loan at a traditional bank. This is a common challenge for many small business owners in Mexico. By working with Creze, Eduardo can build up a credit history to get better financial conditions in the future. The flexibility and efficiency of their loan process, which accommodates businesses with minimal operational history, made a significant difference.

      Having personal contact with Creze also helped Eduardo manage through the ups and downs of raw material costs and the unpredictability of the market. This adaptability has been essential for his business in advertising displays, which must navigate constant changes in client demand and storage constraints.

      Your investment supports the growth of micro, small, and medium-sized businesses in Mexico, offering financing that meets the unique needs of local entrepreneurs.

       


      What social return could your investment make?

      Mexico has 4 million SMEs, which represent 60% of the country's formal productive employment. However, more than half of these SMEs do not have access to the financing they need. Financial institutions like Creze help them overcome this hurdle by offering fast and flexible lending solutions through their digital lending platform.

      With this specific loan, Creze will be able to finance around 10 SMEs in Mexico active in the retail, industrial, technology, construction, transportation, and telecommunications sectors. Of the companies Creze finances, 25% are owned by women, who typically face greater challenges than men in obtaining business credit. Investing in Creze will contribute to reducing the SME financing gap, creating jobs and improving the livelihoods of Mexican entrepreneurs.  

       

      What financial return could your investment generate? 

      Click here for an example repayment schedule.

      • Annual interest: 8%
      • Maturity: 36 months
      • Principal grace period: 18 months. This indicates that the principal amount you lent won't start being repaid until after 18 months. However, even during this period, you'll earn interest. This interest will be paid to you monthly, starting from the first month
      • Monthly repayments: Repayments will be paid to you on a monthly basis. Given the 18-month grace period for the principal, your initial repayments will consist solely of the monthly interest. Starting from the 19th month, you will receive monthly payments of both principal and interest
      • Please consider that although you invest in EUR, the loan is in USD, so there is a risk of exchange rate fluctuations between dollars and euros. For more information, please visit our currency page.


      The story of Creze

      Creze (officially Prestadora de Servicios Ciclomart, SAPI de CV) is a balance sheet lender founded in 2015 and based in Mexico City that originates loans to small and medium-sized businesses (SMEs) throughout Mexico. As of late April 2021, Creze had disbursed over $68 million USD since its origin, with an outstanding book of just over $17 million USD. The average loan amount is $19,500 USD, the average loan term is 12 months, and almost 90% of loans are paid biweekly.

      The company provides principal loan products focused on offering working capital to SMEs, serving a varity of industries. Creze is a digital lender that has built an in-house platform that enables a fully online loan application process with approval times between 24 and 48 hours.

      Additionally, Creze is backed by two renowned family offices in Mexico and has attracted several institutional lenders.

      There are currently over 60 people working at Creze. The founding management team is highly experienced and is made up of a mix of entrepreneurs and former employees of the finance and microfinance sector.
       

      Creze in numbers

      • Founded in 2015
      • 60 employees
      • Disbursed 5,042 loans for a total of USD 160,000,000 since inception
      • Current outstanding loan amount USD 48,000,000
      • About 25% of their borrowers are female
      Company nameCreze
      CEODiego Creel
      Founded2015-01-01
      LocationMexico City
      SectorWholesale / Retail
      Turnover$6,900,000
      Employees60
      Credit scoreA

      Impact

      Mexico has 4 million SMEs, representing 60% of the formal productive employment in the country. Yet more than half of these SMEs don’t have access to the financing they need. Financial institutions like Creze help them overcome this hurdle by offering quick and flexible loan solutions through their digital lending platform.

      Even entrepreneurs who can’t present formal credit history are welcome to apply for a small loan. Creze’s goal is to leave no SME behind in the funding gap. They offer entrepreneurs a fully online and digital loan application process with 24-48 hour approval windows. Their working capital loans enable SMEs to create jobs, grow their businesses, thusly reducing poverty.

       

      SDGs impacted

      With this project you are contributing to the following Sustainable Development Goals:

      SDG 1 - No poverty

      SDG 8 - Decent work and economic growth

      Read more about the impact you can make through our platform and the SDGs on our impact page.

       

      Related blog posts

      Read the introduction of Creze as a new investment opportunity here.

      Meet entrepreneurs Dinora and Eduardo here and learn how they grow their businesses with a loan from Creze.

      Want to learn more about how financial inclusion can thrive entrepreneurship? Read here.

      • With this investment 10 jobs are created
      • With this investment 50 lives are improved

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      We have already contributed to Creze 16

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      Ron van Eijk
      Gino IJisberg
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      Alida Tuithof
      + and another
      320
      investors