[REVISION HISTORY]
Consumer credit offerings in Mexico and Colombia
Updated 2 times since CLSTR started tracking revisions of this situation.
What changed
2026-09-03 11:06 UTC → 2026-09-09 01:57 UTC ·
added
removed
Financial institutions in Mexico and Colombia have introduced specialized credit lines targeting specific consumer needs. In Mexico, the Instituto del Fondo Nacional para el Consumo de los Trabajadores (Fonacot) provides loans for workers, with eligibility requiring at least six months of employment at an affiliated center and a minimum wage income. Applicants must be at least 18 years old and provide documentation including a valid official ID, proof of address, and recent pay stubs. Loans can reach up to four months of a worker's salary, with funds deposited directly into bank accounts. Fonacot has expanded its focus to include low-interest financing for back-to-school expenses, such as tuition and supplies. These products include a Cash Credit with interest rates starting at 12.53 percent and a specialized ‘Crédito Mujer Efectivo’ for female heads of household, which offers preferential rates starting from 8.9 percent. Neither product requires a guarantor or an opening commission. Fonacot reported issuing over 1.5 million loans totaling approximately 50 million pesos so far in 2026. To assist with account management, Fonacot has provided several official channels for workers to check outstanding balances and payment details. Customers can consult statements via the official website by entering their client number, use the ‘Crédito Fonacot’ mobile application for Android and iOS, contact the service center by telephone at 55 8874 7474, or visit a physical branch. In Colombia, the Fondo Nacional del Ahorro (FNA) launched the ‘Hogar Verde’ credit line to finance solar panel installations for energy self-sufficiency, covering up to 70% of a property’s commercial appraisal. This credit line offers terms ranging from 5 to 20 years, and applications can be processed virtually or at physical service points.
Versions
- 2026-09-09 01:57 UTC Consumer credit offerings in Mexico and Colombia
- 2026-09-03 11:06 UTC Consumer credit offerings in Mexico and Colombia
- 2026-08-25 06:56 UTC Consumer credit offerings in Mexico and Colombia
Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.