Founded over 30 years ago, ION Autofinanciamiento specializes in a collective financing model that allows groups of individuals to save and acquire major assets like cars or homes. The system operates by forming groups of participants who make monthly payments into a common fund, which is then used to adjudicate assets to members of the group through methods like raffles, auctions, or timely payments. The company positions itself as an alternative to traditional bank loans, offering plans without interest rates (though administrative fees apply) and with more flexible credit history requirements. Its operations are supervised by Mexico's Federal Consumer Protection Agency (PROFECO).

Founded in

Mexico