[1/4] Klar CEO Stefan Moller poses for a photograph in Mexico City, Mexico, July, 2022, in this handout photo made available to Reuters on August 14, 2023.
The executive explained that Klar currently offers credit lines ranging from 1,000 pesos ($58.67) to 30,000 pesos ($1,760.24), but is looking to "experiment" with loans up to 40,000 pesos.
"Every three months we re-evaluate the size of the (credit) line," Moller said.
"We're still in a market where credit penetration and consumer credit penetration is much lower than it should be compared to economic development indicators."
($1 = 17.0431 Mexican pesos)Reporting by Kylie Madry Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.
Persons:
Stefan Moller, Moller, Klar, We're, Kylie Madry, Marguerita Choy
Organizations:
Reuters, Victory, Capital, Thomson
Locations:
Mexico City, Mexico, Handout, Mexican