By Lorraine Orlandi MEXICO CITY, Sept 21 (Reuters) - Every day, 3,000 men ride on motorcycles into Mexico's roughest neighborhoods to check on loans made to taxi drivers, maids and street vendors. The men aren't loan sharks, they're loan officers for upstart Banco Azteca, the banking arm that grew out of the credit operations of electronics retailer Elektra . Despite initial market doubts, the bank has seen rapid success as it taps Mexico's vast informal economy, thanks to Elektra's ...
Premium Content (PAID Subscription Required)
"FEATURE-Banco Azteca bikers reach out to Mexico's poor" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.