The economic effects of the health emergency have put the corner shops in an endangered situation.
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Model groupAs part of their Z-Tech initiative, which is dedicated to strengthening the growth of small and medium-sized companies through technology, they announced an alliance with Tienda Pago to lend to more than 100,000 shopkeepers who have no other source today grant funding.
Mexico has more than 1.6 million small businesses, called “small businesses”, that support the livelihood of more than one million Mexican families and are facing significant challenges today to keep them running. Hence thanks to the business model of Payment transactionCoupled with the scale, scope and relevance of Grupo Modelo, this alliance will provide digital, fast and easy access to finance to a large section of the population who have not received credit from traditional banks, thereby promoting Grupo Modelo contribute to democratization of credit in Mexico.
Grupo Modelo is providing this funding option to its food allies while Tienda Pago is evaluating the application. Approval is done online and in less than a minute, shop owners can determine if their request has been approved. Pago Store is responsible for approving, granting, managing and collecting the credits granted.
In this way, the Grupo Modelo wants to be an ally for the thousands of shops and grocery stores that are going through difficult times today to maintain their sales. This initiative combines various projects by Grupo Modelo and Z-Tech, such as long-term loans in partnership with Konfio, Academia de Meseros Modelo and Tiendita Cerca, to support productive sectors within the # PorNuestroMexico # GoZTech movement.