Structured funding
Portfolio-Collateralized Funding
Your payroll-deduction loan portfolio secures the line through an irrevocable administration and source-of-repayment trust (fideicomiso de administración y fuente de pago). A proven structure with clear rules.
The structure
The Model That Professionalized Wholesale Funding in Mexico
The intermediary assigns the collection rights to its portfolio to an irrevocable trust that manages the source of repayment. Collections — direct payroll deduction under the payroll agreement — flow into the trust, which repays the line on a schedule designed around the portfolio's actual cash flows. The intermediary keeps its client relationships and its brand; FIMUBAC provides the capital and the structuring discipline that later enabled it to bring portfolios like these to public securitizations.
Step by step
- 1
FIMUBAC grants the funding line to the financial intermediary (SOFOM).
- 2
The intermediary originates payroll-deduction loans to government employees and retirees.
- 3
Loans are collected through direct payroll deduction under the payroll agreement.
- 4
Collections flow into an irrevocable administration and source-of-repayment trust, to which the intermediary has assigned the collection rights to its portfolio.
- 5
The trust repays the line on a schedule aligned with actual collections and the portfolio's future cash flows.
Facility terms
Indicative Terms
Final terms for each line are based on an individual analysis of the project; these are our baseline terms.
Illustrative example for informational purposes only. Each line is structured based on an individual analysis of the project, and final terms may vary.
- Facility amount
- From MXN 10 million
- Term
- Up to 72 months
- Payment frequency
- Monthly
- Disbursement method
- Electronic funds transfer (TEF / SPEI)
- Geographic coverage
- Nationwide (all 32 federal entities)
- Interest rate
- Fixed or floating
- Use of proceeds
- Working capital to fund loan originations
- Drawdown fee
- 1%–4%
- Prepayment fee
- 0%–4%
- Origination fee
- Up to 2%
Average CAT (Costo Anual Total, the total annual cost of credit), for informational purposes: 23.7% excluding VAT
For informational and comparison purposes only. Valid through December 1, 2026. Calculation date: June 1, 2026. No other product or service is associated with this product.
Requirements
What You Need to Get Started
If your company already originates payroll-deduction loans and has at least one year in business, everything else is a matter of process — our team will work with you to structure the trust.
01
Applicant Profile
- Companies (personas morales) that originate payroll-deduction loans
- At least one year in business
- Good credit history
- Guarantor (aval) or joint and several obligor (obligado solidario)
02
Collateral Structure
- Assignment of the collection rights to the portfolio
- An irrevocable administration and source-of-repayment trust
03
Documentation
- Articles of incorporation recorded with the Public Registry of Property and Commerce (RPPC)
- Tax status certificate (Constancia de Situación Fiscal, issued by SAT)
- Shareholders' meeting minutes and powers of attorney
- Official ID of the legal representative
- Proof of address
- Financial statements and annual tax return
Let's Talk About Your Funding Line
Our team will review your business and structure a facility tailored to it — no one-size-fits-all terms.