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MercadoLibre, Creditas Team to Offer Used Car Loans in Mexico

By  |  July 28, 2022

South American eCommerce giant MercadoLibre and Brazilian financial service firm Creditas have joined forces to allow MercadoLibre users to apply for used car loans in Mexico.

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    MercadoLibre’s head of autos in Mexico, Jaime Ugalde, told Reuters Thursday (July 28) that the two companies are hoping to attract consumers in a country with minimal credit penetration.

    The companies are recruiting used car lots to join the program, with the hope of expanding semi-new offerings throughout Mexico beginning with Creditas, country manager Gabriela Rolon told Reuters.

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