FINAE | Student loans
about FINAE | Student loans

What is FINAE?

Mexico has a growing demand for higher education. Of an 11 million population of young people between 19 and 24 years, there are eight million with the appropriate age to go to college who cannot study. Even if the government is making efforts to fulfill the demand, it is so big that it cannot be absorbed entirely by it. Universities are full: more than 70% of the applications are rejected due to lack of places for new students.

FINAE is created in 2006 as a response to the higher education needs of the base of the social pyramid (Socio-economic levels C and D). We are a financial institution which is aware of the business potential and of the development low income people may reach. We know that by educating the young, we are contributing to the future of Mexico and to the development of a thriving middle class. The students from the base of the pyramid who don't have the opportunity to access a quality higher education are our reason for being.

Young people with a good economical situation can attend private universities, but those who do not have the necessary resources are left without an opportunity to obtain a college degree, even if there are low cost universities.

Although the student loan market is very recent in Mexico, FINAE leads this market by offering affordable solutions to many students.

In less than thirteen years, we have granted college loans to more than 13,000 students. 60% of them belong to the above mentioned socio-economic levels. Of these students 4,000 have graduated.

Quality education for young people of the base of the pyramid in Mexico will guarantee the growth of our country in the long term. A country where young people is educated is one that attracts talent, ads value, and above all begins to win the battle against inequality.

FINAE is a non-banking financial institution created in 2006, specialized in loans for college students. The company was created by a group of Mexican entrepreneurs lead by Francisco Vizcaya, grouped in the Sociedad de Apoyo a la Educación (SAE), with the purpose of supporting low-income students to be able to attend private universities.

  • In 2009, a shareholder agreement was entered into. In it two investment funds generating social impact and established in Europe, were introduced to FINAE: Oasis Fund and Social Alpha Investment Fund, as shareholders.
  • In March, 2011, FINAE entered into a loan agreement with the Inter-American Development Bank (IDB) and afterwards Calvert World Values International Equity Fund was admitted as a company shareholder.
  • In January, 2013, the company Social Alpha Investment Fund sold its shares to the Canadian fund Adobe Social Mezanine Fund I, and to the Canadian fund Mexico Ventures I, LP. These funds carried out a fresh capital investment. In this transaction, FINAE´s shares were granted to Francisco Vizcaya.
  • July 2013 was the first time when EDUCACB13 senior trust bonds were issued. It was also the first issuance in the education sector in Mexico. An issue was AAA (E) rated and backed by monthly payments from the students and a guarantee by the Inter-American Development Bank (IDB).
  • In October, 2014, Elevar Investments Canada L.P. and Omidyar Network Fund LLC entered as shareholders.
  • In February, 2015 the second AAA (E) rated securization, called FINAECB15, backed by monthly payments from the students and a guarantee by the Inter-American Development Bank (IDB) was carried out.
  • Nowadays FINAE has supported more than 7,500 students with a total portfolio of more than 750 million pesos.


To provide financial services for education heeding principally to the base of the pyramid.

Finae's Mission


To improve the mexicans standard of living providing access to quality education.

Finae's Vision

A Company with a Social Impact

FINAE is a company with a social impact, i.e., it solves social problems with a sustainable business model.

The social impact is produced by the different projects that, when carried out, have an effect on the community (in this case, the higher education students in Mexico).

Certified B Corporation

B Lab is an non-profit organization aimed to serve the entrepreneurs who have businesses that help solve social and environmental issues around the globe. B Lab offers two products that help the entrepreneurs measure, evaluate, and foster the social and environmental impact they have: GIIRS and B Certification.

B Corporation is a new business model with the binding object of creating value for all its groups of interest and cooperating with the highest social, environmental, and transparency standards.

They use the market power to solve social and environmental issues. They are innovative organizations which are creating dynamic networks and offering their customers the possibility of seeing their ethical values reflected in the market, where their financial returns are not their main goal, but their essential tool to reach their social and environmental goals.. In this way, B Corporation can be easily distinguished in the market by the consumers, suppliers, investors, and human talent.

Best for the World 2015

The B Corp Best for The World List recognizes those companies creating the most impact for a better world. They set the gold standard for high impact companies and offer a positive vision of a better way to do business. Honorees are recognized for overall, environmental, community and worker impact for earning a score in the top 10% on the B Impact Assessment.

Global Impact Investing Rating System

The rating process called Global Impact Investing Rating System (GIIRS) used by B Lab organization provides social and environmental performance comparable data of high impact companies around the globe, which are looking for capital investments through a model similar to Morningstar investment ratings and Capital IQ financial analysis.

FINAE has been rated with 4 out of 5 stars. In this way, it has showed the great impact it has on the Mexican society.

Goldman Sachs, JPMorgan, Prudential, Bank of America, Moodys Corporation, Risk Metrics, Bernstein Global Advisors, Harvard University, and Rockefeller Foundation represent the different GIIRS committees and working groups.

BID | Opportunities for the Majority

The Opportunities for the Majority initiative (OMJ), created in 2007 by the Inter-American Development Bank (IDB), fosters and supports sustainable business models which involve private companies, local governments, and communities by developing and providing quality products and goods to the base of the socio-economical pyramid (BDP) in Latin America and the Caribbean.