Crédito Real S.A.B. de C.V. SOFOM (CRQDQ)
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Crédito Real S.A.B. de C.V. SOFOM Profile
| IT Services Industry | Information Technology Sector | Mr. Carlos Enrique Ochoa Valdes CEO | OTC PINK Exchange | MX00CR000000 ISIN |
| Mexico Country | - Employees | 15 Apr 2019 Last Dividend | 11 Dec 2014 Last Split | - IPO Date |
Overview
Crédito Real, S.A.B. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad No Regulada (Crédito Real) is a non-banking financial institution headquartered in Mexico City, Mexico. Established in 1993, the company specializes in providing a range of financial solutions and services within Mexico. Crédito Real's target clientele includes individuals, small and medium-sized enterprises (SMEs), and other customer segments in need of accessible financing options. On June 22, 2022, Crédito Real filed an involuntary petition for relief under Chapter 11 of the United States Bankruptcy Code, highlighting the company's efforts to restructure its debts and financial obligations in the face of financial challenges. Despite these challenges, Crédito Real continues to operate, offering various financial products and services to meet the needs of its clients.
Products and Services
- Leasing Services
Crédito Real offers leasing solutions that enable businesses and individuals to acquire assets such as vehicles, machinery, and equipment through a rental agreement. This financial product is particularly beneficial for SMEs that require the use of assets without the need for immediate full payment, thus aiding in managing cash flow more effectively.
- Payroll Services
The company provides financial services tailored to employees of affiliated companies. Through payroll services, employees can access loans and other financial products, with repayments typically structured through salary deductions. This service benefits both employees, by providing them easy access to financing, and employers, by offering an additional value to their workforce.
- Semi-new and Used Vehicle Loans
Recognizing the need for affordable financing options for vehicles, Crédito Real offers loans catered to individuals wishing to purchase semi-new or used vehicles. These loans are designed to provide customers with manageable payment plans, thereby making vehicle ownership more accessible to a broader segment of the population.
- Working Capital Finance for SMEs
Understanding the challenges faced by small and medium-sized enterprises in accessing financing, Crédito Real provides working capital loans. This product is aimed at supporting SMEs in their operational needs, such as expanding inventory, bridging cash flow gaps, or financing other short-term requirements, thereby fostering business growth and sustainability.
