Student loans

Mexico City, Mexico City


About FINAE 

Founded by a group of Mexican entrepreneurs headed by Francisco Vizcaya, FINAE is a social impact financial institution specialized in student loans in order to support Mexican students who do not have enough financial resources to pay for their undergraduate tuitions.  

FINAE provides the students a product that allows them to study in a qualified University at an affordable monthly payment. Once they start working, they are able to payback without having a high impact in their expected income. Founded in October 2006, FINAE grants its first student loans in November 2007.

The idea of offering student loans emerged as a solution to the actual situation of public universities: every year, about 350,000 youngsters in age to attend college are not able to do it because public universities are overcrowded and they lack of resources to pay for a private university.

There are 10 million students between 19 and 23 years old, of which only 3 million goes to college, that is to say, there are more than 7 million college-age youngsters who do not study, which is equivalent to almost the entire population of Switzerland, or the entire population of Chicago.

Due to the overwhelming success, FINAE had to find alternative ways of financing students in the long term. Therefore, on July 2013 FINAE launched the first Student Loan securitization in Latin America, an AAA rated bond backed by the monthly payments of the students and by a guarantee from the Inter-American Development Bank (IDB).

Being a B Corp proves that what we are doing leaves an impact on society. B Corp standards ensure that we are concerned in double bottom lines returns: a financial return is as important as a social return.

The Change We Seek™

FINAE was created to target the missing middle that has been historically unattended in Mexico since most banks and financial institutions have focused in consumer credit. In more developed countries, like the United States, the concept of student loans has been well known for decades.

FINAE’s business models has been proven successful as it enables young Mexicans to access quality higher education to which they would not have access if it weren’t for FINAE’s loans. The model, as explained, is profitable, which ensures its sustainability. The long-term impact of FINAE is immense.

What makes us a better company?

B Impact Report

Certified since: 

May 2012

Company Score

Median Score*



The Environment section of the Assessment evaluates a company's environmental performance through its facilities; materials, resource, and energy use; and emissions. Where applicable, it also considers a company's transportation/distribution channels and environmental impact of its supply chain. This section also measures whether a company's products or services are designed to solve an environmental issue, including products that aid in the provision of renewable energy, conserve resources, reduce waste, promote land/wildlife conservation, prevent toxic/hazardous substance or pollution, or educate, measure, or consult to solve environmental problems.



The Worker section of the survey assesses the company's relationship with its workforce. This section measures how the company treats its workers through compensation, benefits, training, and ownership opportunities provided to workers. It also focuses on the overall work environment within the company through management/worker communication, job flexibility and corporate culture, and worker health and safety practices.



The Customers section of the Assessment measures the impact a company has on its customers. The section focuses on whether a company sells products or services that promote public benefit, and if those products/services are targeted towards serving underserved populations. Questions in this section will measure whether a company's product or service is designed to solve a social or environmental issue (e.g. improves health, preserves environment or creates economic opportunity to individuals or communities, promotes the arts/sciences, or increases the flow of capital to purpose-driven enterprises).



The Community section of the survey assesses a company's impact on its community. The Community section evaluates a company's supplier relations, diversity, and involvement in the local community. The section also measures the company's practices and policies around community service and charitable giving. In addition, this section includes if a company's product or service is designed to solve a social issue, including access to basic services, health, education, economic opportunity, arts, and increasing the flow of capital to purpose-driven enterprises.



The Governance section of the Assessment evaluates a company's accountability and transparency. The section focuses on the company's mission, stakeholder engagement, and overall transparency of the company's practices and policies.

Overall B Score

80 out of 200 is eligible for certification

*Of all businesses that have completed the B Impact Assessment

*Median scores will not add up to overall

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Company Highlights: 

Community: >25% of Board of Directors from chronically underemployed communities; Firm evaluates significant suppliers based upon established environmental and social best-practice standards

Workers: All full-time workers provided disability coverage, life insurance, financial services, and retirement plans; Company grants access to local medical clinic services; Firm's human rights and labor practices have been certified by a third party

Environment: Buildings employ energy saving strategies, use water efficiency systems, and monitor to improve air quality; Company recycles and reuses materials on premises



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