Understanding Loans in Mexico

In Mexico, there are different types of loans:

• Company loans — given to an employee by the company.

• Faltante de Caja loans.

  A Faltante de Caja loan (cashier loan) occurs in the retail sector. When the cash register balance does not match between the existing cash and the cash reported, the cashier must replace the missing amount. This can be done with a loan.

• INFONAVIT loans — given for purchasing housing.

• FONACOT loans — given for purchasing appliances, such as refrigerators.