Invested through |
|
---|---|
Asset Classes | Private debt |
Impact strategy | Financial Inclusion |
Number of borrowers reached | 3,535 |
Female borrowers | 37% |
Rural borrowers | 34% |
Aligned with SDGs |
Mega has a clear business strategy: serving the underserved sector of small and medium-sized enterprises (SMEs) in Mexico. It specialises in financial leasing, and also offers direct lending to SMEs and factoring. Many of the local SMEs they serve were previously not included in the formal financial system.
Mega actively participates in MATI, a microfinance programme targeting low-income women who experience domestic violence. During a one-year programme, these women are empowered and trained to set up their own business. Mega contributes both training and funding.
Mega’s commitment to sustainability is also visible in the role they play to boost the renewable energy sector. It is taking steps to establish alliances with solar panel and other solar technology manufacturers and distributors to position themselves as a source of funding for these products. Mega finances these companies directly and their clients through leasing. Another area they are moving into is electric vehicle financing.