GoCredit

GoCredit is a Mexican lending company, founded in 2011. The company issues direct debit and payroll loans, both of which will be listed as personal loans on Mintos. 

Direct debit loans are personal loans that are automatically deducted once the borrowers receive a salary or pension in their bank accounts. Payroll loans are deducted by the employer (i.e. government agency) before the borrowers receive their net income effectively removing the risk of the borrower’s willingness to pay. 

GoCredit sees a tremendous growth opportunity as there are around 9 million government employees and pensioners who may qualify for payroll loans.