LMDF’s partner Microfin launches new product
Microfin, Uruguay introduces MiCompra Mayorista, a card based payment scheme for small shopkeepers.
Microfinanzas del Uruguay, or Microfin, has introduced an innovative product catering to the large number of small shopkeepers in the rural areas in Uruguay. The product named MiCompra Mayorista gives shopkeepers a credit line with large wholesalers. The credit line allows the small shops to buy in bulk and lower the costs of goods sold. The wholesaler benefits through higher volumes and Microfin charges interest on the credit (normally 30 days).
On the occasion of the launch of the product, Microfin has produced a short feature film (in Spanish) which can be accessed here.