Posts Tagged ‘Financiera Independencia’

Microfinance focus, Oct 22, 2010: Mexican microfinance lender Financiera Independencia, which lends personal loans as well as working capital loans has posted a net income increase of 11.6% up to Ps. 112.9 million ($9 million) in the 3Q ended on 30th September which is 11% more to the compared to the same period last year. Firm’s total loan portfolio has gone up by 16.5%. Finsol the ... Full story

Microfinance Focus, Sep 22, 2010: Financiera Independencia, a Mexican microfinance lender of personal loans to lower income individuals and working capital loans through group lending microfinance, has approved the payment of a cash dividend, to be charged to the balance of the net tax profit account of the Company, in the amount of Ps.0.21 Mexican currency. The decision was taken on the Ordinary Shareholders Meeting ... Full story

Microfinance Focus, Sep 7, 2010: Mexican microfinance lender, Financiera Independencia has called for a General Ordinary Shareholders' Meeting to be held on September 20, 2010 in Mexico City. The Company listed on the Mexican Stock Exchange since November 2007, where it trades under the symbol "FINDEP" has also announced the agenda of the meeting which includes discussions on the cash dividend to be paid to ... Full story

Microfinance Focus, July 29, 2010: Financiera Independencia, the Mexican microfinance provider has reported its Net Income up by 4.9% (year on year) to Ps.143.5 Million with loan portfolio growth of 16.7% for 2Q10. The company has yesterday announced its results for the three-month period ended June 30, 2010. Unaudited results for 2Q10 include the effect of the consolidation of the acquisition of Financiera Finsol, S.A. de ... Full story

Microfinance Focus, July 23, 2010: Witnessing an unprecedented level of growth, the microfinance sector is increasingly attracting the interest and investment of equity investors world over. According to a recently released ‘Microfinance Institutions Shareholder Value Index 2006’ (WSAS MFI SVIX) by Wall Street Advisory Services, the sector has posted a 148% increase (in US$ terms) in the shareholder value of equity investments made in 29 ... Full story

Microfinance Focus, Feb 26, 2010: Financiera Independencia, a Mexican microfinance lender of personal loans to lower income segment individuals, announced that on February 24, 2010 its Board of Directors authorized the Company to submit a request for a Banking License in Mexico, according to a press release. The Company expects that the process of having a banking license and operating as such will take approximately 18 ... Full story

Microfinance Focus, Feb. 20, 2010: Mexican Microfinance lender Financiera Independencia announced on Friday the completion of its acquisition of all of the outstanding shares of Financiera Finsol, the second largest group lending microfinance institution in Mexico, Finsol Vida S.A. de C.V. (an insurance broker), Finsol S.A. de C.V. (a service company) and Instituto Finsol Brazil (a group lending microfinance institution in Brazil). Through the acquisition, Independencia ... Full story

By Nagesh Narayana Microfinance Focus, Jan. 21, 2010: Financiera Independencia, a Mexican microfinance lender of personal loans to lower income segment individuals, has announced that on January 15, 2010 it completed the Rights Offering Process of the 85,000,000 share capital increase first announced on November 30, 2010. A total of 79,904,401 shares were subscribed at the issue price of Ps.10 ($.78) per share, it said. The remaining ... Full story

Microfinance Focus, Dec. 21, 2009: mexican microfinance lender Financiera Independencia has signed an agreement with fund-managers Eton Park Capital Management, by which Eton Park will subscribe for 70 million shares pursuant to the capital increase announced by the company in November. In return, Eton Park will have the right to subscribe for an additional 45 million shares (25 million at 14 pesos per share and 20 ... Full story

Microfinance Focus, Dec. 21, 2009:  Mexican microfinance lender Financiera Independencia has announced that the Comision Federal de Competencia (COFECO) approved its acquisition of Financiera Finsol, the second largest group lending microfinance institution in Mexico, and a group of related entities as announced on Nov. 30, 2009. The transaction is expected to close during January 2010 as soon as the rights offering process approved by the ... Full story

Microfinance Focus, Dec. 3, 2009: Financiera Independencia has called for a General Ordinary Shareholders' Meeting to be held on December 17, 2009 in Mexico City to discuss and, if applicable, approval of a corporate restructuring following the acquisition of Financiera Finsol. Financiera Independencia is a Mexican microfinance institution that provides microcredit loans on an unsecured basis to individuals in the low-income segments in Mexico in urban ... Full story

Microfinance Focus, Dec. 1, 2009: Financiera Independencia, a Mexican microfinance institution, has launched a sponsored Level I American Depositary Receipt (ADR) program in the United States. BNY Mellon has been appointed as the Company's depositary bank to administer the ADR program. Each ADR represents 15 shares of Independencia common stock and will begin trading over-the-counter (OTC) effective Nov. 30, 2009. Independencia's common shares are listed and ... Full story