Savings and Credit Sector Consolidation and Financial Inclusion Project

closed

The objectives of the Savings and Credit Sector Consolidation and Financial Inclusion Project for Mexico are to support the: (a) consolidation of the savings and credit institutions (SCIs); and (b) deepening of financial inclusion in selected areas and selected locations. There are four components to the project, the first component being Consolidation and strengthening of savings and credit institutions. This component provides training and technical assistance to strengthen savings and credit institutions; and provides training and technical assistance to the confederation, federations, self regulatory bodies, auxiliary supervision committees, and deposit protection funds to enhance their performance. The second component is the broadening access to financial services and products. This component expands access to financial services through technical assistance to Savings and credit entities to increase their membership base; and expanding National Bank for Savings and Financial Services (BANSEFI's) client base through support from banking agents. The third component is the strengthening BANSEFI capacity. This component aims to expand the technological capacity of BANSEFI, including its platform's mainframe. Finally, the fourth component is the project management. This component provides technical assistance, training and material support to BANSEFI's staff and consultants in order to assist them in the implementation of the project.