MFI ReportPartnerships
| Name | Relationship |
|---|---|
| ACCION | Network Affiliation |
| ACCION International CAMEL | Rating |
| Oikocredit | Funding |
| Name | Relationship |
|---|---|
| Kiva | Funding |
Mission:
ADMIC's mission is to assist microentrepreneurs to increase their income through providing financial services and technical assistance, thus reducing unemployment.
Background and Main Challenges:
ADMIC was established in 1980 in Monterrey by a group of business visionaries with technical assistance from ACCION. Their hope was to improve their community by promoting business development. In the second half of 1998, ADMIC launched a new microcredit program in 7 of its offices, directing ... Read more
ADMIC was established in 1980 in Monterrey by a group of business visionaries with technical assistance from ACCION. Their hope was to improve their community by promoting business development. In the second half of 1998, ADMIC launched a new microcredit program in 7 of its offices, directing its outreach toward the urban self-employed with a particular emphasis on women. Almost 90% of this program's beneficiaries are low-income women who joined solidarity groups, a lending method that allows members to cross-guarantee one another's loans instead of collateral. Hide
Address:
Edificio BISA, Treviño 415 Pte. Planta Baja
Monterrey, Nuevo León
64000
Mexico
Phone:
(528) 374-6330
Fax:
(528) 374-6313
Email:
admic [at] admic [dot] org
Products and Services:
Loans
Products:
ADMIC offers individual and solidarity groups loans. Loans vary from US$50 to US$2,000. Loan terms are from 3 to six months with a 5% monthly interest rate. ADMIC's clients represent some of the poorest people in Mexico. Many clients are artisans, seamstresses and agricultural workers and almost ... Read more
ADMIC offers individual and solidarity groups loans. Loans vary from US$50 to US$2,000. Loan terms are from 3 to six months with a 5% monthly interest rate. ADMIC's clients represent some of the poorest people in Mexico. Many clients are artisans, seamstresses and agricultural workers and almost all are women. Hide
Services Provided:
Business Development Services
Looking for (Investment Types):
Loans in Local Currency
Loans in US$
% Operations Comprised by MF:
91 - 100
Date established:
Jan 1 1980
FYE:
31-Dec
Current Legal Status:
NGO
Regulated:
no
At a glance
- Assets
- Gross Loan Portfolio
- Equity
Contacts
-
Ana Lidia Cantú VillanuevaFinancial Manageranalidia [dot] cantu [at] admic [dot] org(528) 374-6205
References
Miguel Angel Puente
