Lincoln
Symfony!
   Return to subtopic
Topic / Subtopic:
Housing Microfinance /
Regulation

Year 2024
Country México
Variable (Code) Housing Micro Finance (HMF): is regulated as a financial product (MF-1-01)
Methodological note Identifies if there is a Housing Microfinance (HMF) product, regulated as a financial product (including prudential regulation). HMF refers to small loans or credits intended to finance improvements, repairs, or gradual construction of homes for low-income people. They typically have short terms and small amounts. It is not a mortgage loan because it does not have real guarantees/collateral.
Source CNBV, Disposiciones generales para entidades de ahorro y SOFIPO, DOF, 08/03/2024
Note En México, el MFV no es categoría exclusiva; opera vía SOFIPO, SOCAP y SOFOM, reguladas y supervisadas por la CNBV
Date