Posts Tagged ‘Mexican microfinance’

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 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, May 22, 2010: Financiera Independencia  ("Independencia" or the "Company"), one of the leading Mexican microfinance lenders of personal loans to lower income segment individuals, announced that on May 20, 2010 it has completed the rights offering process of the 55,000,000 share capital increase approved on the Shareholders' Meeting of April 27, 2010.  A total of 884,712 shares were subscribed at the issue Price ... Full story

Microfinance Focus, March 28, 2010: Financiera Independencia, a  Mexican microfinance lender of personal loans to lower income segment individuals and working capital loans through group lending microfinance, announced today that it successfully placed a 144A / Reg S US$200 million of senior guaranteed notes ("the Notes"), according to an offical stement release by the company. The Notes have a 5-year maturity and pay an annual interest ... 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, Dec. 4, 2009: Mexican microfinance bank Banco Compartamos has appointed Fernando Alvarez Toca as the new Chief Executive Officer (CEO), effective January 1, 2010. Mr. Alvarez Toca has been the Company's Chief Financial Officer (CFO) since 2005. The company's board has also ratified  Carlos Labarthe Costas as Executive President and Carlos Antonio Danel Cendoya as Executive Vice-President. Mr. Labarthe and Mr. Danel will maintain ... Full story