Mexico Business & Finance News

Puerto Vallarta • Riviera Nayarit 

  News &
Issues &
Business &
Health &
Lifestyle &
Travel &
Science &

Contigo to Address Mexico's Quality Housing Shortage

Business Call to Action
go to original
July 11, 2015

With a focus on improving the lives of women entrepreneurs and their families, Contigo offers financial products to communities that lack access to formal banks. (Contigo Mexico)

Contigo, a major financial services provider in Mexico, has joined the Business Call to Action (BCtA) with a commitment to launch a home improvement loan product aimed at reaching 25,000 under-served families by 2019.

With a special focus on improving the lives of women entrepreneurs and their families, Contigo offers an array of financial products to communities that lack access to formal banks. With its complete range of lending products, the company estimates it will assist a total of 644,000 customers by 2019 – 90% of them women. As its product line and customer base continue to grow, the company plans to create a professional career track for 4,500 trained employees in Mexico by 2019.

BCtA is a global initiative that aims to support the private sector’s efforts to fight poverty through its core business; it is supported by several international organizations and hosted by the United Nations Development Programme (UNDP).

Contigo is dedicated to changing lives by offering financial services that improve clients’ lives and livelihoods while generating positive employee, shareholder and supplier relationships. Unlike many lending providers, Contigo’s mission is focused on customers: its services are specifically aimed at women entrepreneurs who provide support for their families. The average household income of this customer base is below $650 per month, or a per-family-member an average of $5.40 per day.

In Mexico, where there is a severe shortage of housing, many bottom-of-the-pyramid families’ homes are built illegally and are structurally unsound. Overcrowding results in unhealthy living conditions, heightens the risk of domestic violence and contributes to a range of health problems. Recognizing that women at the bottom of the pyramid are underserved by the financial sector, Contigo provides affordable financial services in 22 states across Mexico, with plans to reach 30 of the country’s 32 states in the next five years.

For more information contact Tatiana Bessarabova of BCtA/UNDP at, or Juan Ahedo of Contigo at

Read the rest at The Guardian

  Check out Women to Women - Mujeres a Mujeres

We invite you to add your charity or supporting organizations' news stories and coming events to PVAngels so we can share them with the world. Do it now!

CHARITY ALERT Vallarta Botanical Garden Needs Your Help

TripAdvisor singled out the Botanical Garden for removal and placed us on our own page in Cabo Corrientes.

Please write and ask TripAdvisor why all other Cabo Corrientes attractions are still on the Puerto Vallarta page while only the Garden was removed.

Click here to see all the details

Meet the Charities

Community Services


Animals & Wildlife

Health Care

Youth & Family


Culture & Recreation

Special Interests

How You Can Help

Use Your Powers for Good

Add Your Favorite Charity

Save a Life - Give Blood


Partners for Change

Meet the Partners

Become a Partner for Change

Stay Connected

Find PVAngels on Facebook Follow PVAngels on Twitter Sign up PVAngels Newsletter RSS Feeds on PVAngels


About PVAngels

Add Your Charity

Add Your News & Events

Locate Yourself on Our Maps

Jobs - Join PVAngels Team

About Puerto Vallarta

Puerto Vallarta Local News

Local Event Calendar

Puerto Vallarta Videos

Puerto Vallarta Photos

Historic Puerto Vallarta

Local Area Maps

Important Phone Numbers

Craig's List in Puerto Vallarta

News Around Mexico

Mexico Issues & Opinions

Mexico Business News

Mexico Evironmental News

Lifestyle & Entertainment

Mexico Travel & Outdoors

Science & Technology News

Mexico News & Travel Videos

FAIR USE NOTICE: This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance a more in-depth understanding of critical issues facing the world. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 USC Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information click here. If you wish to use copyrighted material from this site for purposes that go beyond 'fair use', you must obtain permission from the copyright owner.

m3 • local actions from global awareness