Mexican finance firm, Consupago, is looking to securitize $75 million in personal loans to government workers, Reuters reports. The firm’s placement will pay Mexican investors TIIE inter-bank interest rate plus a spread.

Consupago provides loans to government employees, charging annual interest rates of 80% and subtracting monthly payments directly from their salaries. U.S. consumer credit firm, Sherman Financial Group, has a majority stake in Consupago.

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