Caja Depac Poblana SC de RL

Gross Loan Portfolio USD, 2010: 5.5 million

Number of active borrowers 2010: 4,393

Average loan balance per borrower USD, 2010: 1,245.6

Deposits USD, 2010: 6.0 million

Assets USD, 2010: 7.0 million

Number of depositors 2010: 14,816

Mission:

Proporcionar servicios financieros óptimos, a la medida de las necesidades e instrucciones de los socios, a efecto de propiciar su capitalización.

Background and Main Challenges:

Autosuficiencia y rentabilidad. Concluir el proceso de transición hacia entidad regulada.

Address:

3 Sur N°2504-A, Colonia Chula Vista

Puebla

CP 72420

Mexico

Phone:

(222) 240-9952

Fax:

(01) 222 240 9954

Email:

cajadepac [at] prodigy [dot] net [dot] mx

Website:

www.cajadepac.org.mx

Main Funding Sources:

Ahorros

Products and Services:

Préstamos

Servicios financieros

Ahorro voluntario

Seguros

Looking for (Investment Types):

Capital

Donaciones

Date established:

Dec 11 1998

FYE:

31-Dec

Current Legal Status:

Credit Union / Cooperative

Regulated:

yes

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
Clients living in rural areas	1
Women	2
Clients living in urban areas	3
Adolescents and youth (below 18)	4
+ Development goals (ranked by importance)
Increased access to financial services	1
Poverty reduction	2
Gender equality and women's empowerment	3
Youth opportunities	4
Housing	5
+ Poverty targets
No specific poverty target
+ Governance
Has trained members of its board on social performance management
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Microcredit loans for microenterprises
Microcredit for household needs/consumption
SME loans
Loans for agriculture
Loans for education
Housing loans

+ Savings products offered
Checking accounts
Voluntary savings accounts
Compulsory savings accounts (cash collateral)
Fixed term deposits
Special purpose savings accounts
+ Compulsory insurance products required
Compulsory credit life insurance
+ Voluntary insurance products offered
Voluntary life insurance
Seguro de gastos funerarios.
+ Other financial products and services offered
Remittances services
Pago de servicio telefónico residencial, recargas a celulares.
+ Non-financial services offered
+ Enterprise services offered
+ Education services offered
Financial literacy education
+ Health services offered
+ Women's empowerment services offered
+ Products and services targeting the poor
Products and services specifically designed to target the poor:
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Internal audits check household debt exposure, lending practices that violate procedures including unauthorized re-financing, multiple borrowers or co-signers per household, and other practices that could increase indebtedness.
Productivity targets and incentive systems value portfolio quality at least as highly as other factors, such as disbursement or customer growth. Growth is rewarded only if portfolio quality is high.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Staff is trained to communicate effectively with all customers, ensuring that they understand the product, the terms of the contract, their rights and obligations. Communications techniques address literacy limitations (e.g. reading contracts out loud, materials in local languages).
Acceptable and unacceptable debt collection practices are clearly spelled out in a code of ethics, book of staff rules or debt collection manual.
The organization's corporate culture values and rewards high standards of ethical behavior and customer service.
A mechanism to handle customer complaints is in place, has dedicated staff resources, and is actively used. (Suggestion boxes alone are generally not considered adequate.)
Customers know how their information will be used. Staff explains how data will be used and seeks permission for use.
+ Cost of services to clients
+ Social responsibility to staff
+ Human resources
Transparency on salary (a clear salary scale based upon market salaries)
Protection at work (safety, anti-harassment)
Equality (anti-discrimination, equal pay for men and women with equivalent skill levels)
+ Basis of staff incentives related to social performance
Ability to attract new clients from target market
Portfolio quality
+ Social responsibility to the environment
+ Poverty measurement tools in use

Partnerships

Current
Name	Relationship
FMEAC	Network Affiliation

MFI Report