Financiera Independencia Closes Acquisition of Apoyo Financiero Inc.

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Feb 2011
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Mexico City, Mexico, February, 28 2011 - Financiera Independencia, S.A.B. de C.V., SOFOM, E.N.R. announced today that is has successfully closed the acquisition of 77% of the outstanding shares of Apoyo Financiero Inc.

Financiera Independencia, S.A.B. de C.V., SOFOM, E.N.R. a leading Mexican microfinance lender of personal loans to lower income segment individuals and working capital loans through group lending microfinance, announced today that is has successfully closed the acquisition of 77% of the outstanding shares of Apoyo Financiero Inc. , a microfinance company primarily serving the unbanked Hispanic community in San Francisco, California, as announced on December 22, 2010.

Through this acquisition, Independencia increased its loan portfolio by Ps.31.8 million and added 919 new clients.



Source : PR Newswire
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