Other savings and loan institutions

<p>When it comes to savings and loan institutions in Mexico, there are many options beyond traditional banks. Other savings and loan institutions, also known as Sociedades Financieras Populares (SOFIPOS), offer a variety of financial services to individuals and businesses.</p>

<p>One popular type of SOFIPO is the Caja Popular. These institutions are member-owned and operated, meaning that customers have a say in how the institution is run. Caja Populares offer savings accounts, loans, and other financial services at competitive rates.</p>

<p>Another type of SOFIPO is the Sociedad Cooperativa de Ahorro y Préstamo (SCAP). These institutions are similar to Caja Populares in that they are also member-owned and operated. However, SCAPs are typically larger and offer a wider range of financial services, including insurance and investment products.</p>

<p>There are also non-profit savings and loan institutions in Mexico, such as Fundación Dondé and Fondo de la Vivienda del Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado (FOVISSSTE). These institutions focus on providing affordable financial services to low-income individuals and families.</p>

<p>Whether you're looking for a traditional bank or an alternative savings and loan institution, Mexico has many options to choose from. It's important to do your research and compare rates and services to find the institution that best meets your financial needs.</p>