Laudex

Laudex is a financial services company based in Mexico that promotes social development by lending to non traditional sectors. Laudex specializes in providing student loans, to finance tuition at private Universities, both within Mexico and internationally. Laudex enables students from low-income backgrounds to pursue university studies, reducing the likelihood that financial barriers force them to enter the workforce prematurely. This, in turn, helps improve long-term economic prospects among vulnerable youth populations.

Kiva’s loan will enable the scaling of the 60/40 Credit-Scholarship Program, an innovative initiative that expands access to higher education for low-income students, allowing students to cover 40% of their tuition through deferred financing, repayable after graduation at a low, fixed interest rate. This loan will support more than 170 students from underserved communities that will be able to pursue university studies through flexible and affordable financing, opening pathways to greater economic opportunity.This product serves students from lower-income backgrounds than those reached by Laudex’s other financing solutions. It also has a strong inclusion focus, with 54% of beneficiaries being women and 11% coming from rural communities.