Las sociedades de ahorro y crédito popular de México

Abstract

The objective of this study was to analyze the current situation of the system of savings and loans in Mexico. Savings and loan, is a parallel with the Financial Formal System (SFF) consisting of a variety of institutions sector and, in turn, is divided between the companies calls Savings and Credit and Microfinance Institutions (MFIs) where you will find a variety of organisms, many of which are abstracted to regulation and even self-regulation. This leads to confusion, because today speaks of social sector or social banking, which includes a package of agencies and public and private institutions, for engaging in niche markets, especially the popular sector, are called institutions microfinance. It is necessary to insist (Esquivel, 2007a) that the amount does not make the concept, but it is the fate that it does and that, for example, a consumer credit in a store of household goods popular calls is not a microcredit; these companies do not have among its objectives to fight poverty and direct their efforts to support the poor, especially women, let alone empower them (Friedmann, 1994). Microfinance emerged as microcredit and its priority is to fight poverty and provide financial services to poor people to start a small business. They respond to a situation of low economic growth and low job creation (Revised: Esquivel, 2008).