In 2023, Expansión described a group of 20 women in Santa Cruz, Etla, in Oaxaca. Together they hold one loan of about 400,000 pesos from Compartamos Banco, which they divide among themselves. The group commits to weekly payments, “y si alguien se atrasa: todos pagan esa deuda” (and if someone falls behind, everyone pays that debt). (Video in Spanish.)
Gentera, the parent company of Compartamos Banco, says it offers loans that are “principalmente grupales” (mainly group loans). In its 2022 annual report, its product Crédito Mujer had 1,749,106 clients in Mexico, about two thirds of Gentera’s clients there.