Projektas

Dinora left the corporate world to become an entrepreneur. Since then, access to credit has been essential to her success. Her company, Maikit, sells products to creatives looking for textile and craft materials and printing machines.

While looking for financing to open her second store, Dinora came across Creze. Since then, she has worked with the financial institution for 6 years, from which she received financing to purchase store inventory.

Like Dinora, many SME entrepreneurs face great obstacles in obtaining traditional bank financing. Creze was established with the aim of closing this financial gap, and since its founding in 2015 it has already disbursed more than 68 million dollars (data as of the end of 2021) for Mexican entrepreneurs.

Thanks to this loan, you contribute to promoting micro, small and medium-sized businesses in Mexico through accessible financing adapted to the needs of microentrepreneurs.

What social return could your investment make?

Mexico has 4 million SMEs, representing 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 15 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? 

• 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