MFI ReportPartnerships
| Name | Relationship |
|---|---|
| Prodesarrollo | Network Affiliation |
Mission:
We offer an opportunity to Mexican workers, who otherwise would have no or limited access to financial institutions, to obtain a loan punctually and with a good quality service.
Background and Main Challenges:
Financiera Independencia, S.A.B. de C.V., SOFOM, E.N.R. (Independencia), is a Mexican microfinance lender of personal loans to individuals. Independencia provides microcredit loans on an unsecured basis to individuals in the low-income segments in Mexico in urban areas of both the formal and ... Read more
Financiera Independencia, S.A.B. de C.V., SOFOM, E.N.R. (Independencia), is a Mexican microfinance lender of personal loans to individuals. Independencia provides microcredit loans on an unsecured basis to individuals in the low-income segments in Mexico in urban areas of both the formal and informal economy. As of December 31, 2008, Independencia had a total outstanding loan balance of Ps.4,473.8 million, operated 192 offices in 142 cities throughout 31 of Mexico’s 32 federal entities and had a total labor force of 10,124 people. The Company listed on the Mexican Stock Exchange on November 1, 2007, where it trades under the symbol “FINDEP”. More information can be found at www.independencia.com.mx Hide
Address:
Prolongación Paseo de la Reforma No. 600-301 Col. Peña Blanca Santa Fe Delegación Alvaro Obregón
México D.F.
01210
Mexico
Phone:
+52 (55) 52 29 02 00
Fax:
(5255) 5229-0249
Email:
vgutierrez [at] independencia [dot] com [dot] mx
Website:
Products and Services:
Loans
Products:
We currently offer four loan products at fixed interest rates, repayable on a fixed weekly, bi-weekly or monthly installment basis:
• CredInmediato: A revolving line of credit ranging from approximately US$139 to US$1,529 available to individuals earning at least the Mexico City minimum ... Read more
• CredInmediato: A revolving line of credit ranging from approximately US$139 to US$1,529 available to individuals earning at least the Mexico City minimum ... Read more
We currently offer four loan products at fixed interest rates, repayable on a fixed weekly, bi-weekly or monthly installment basis:
• CredInmediato: A revolving line of credit ranging from approximately US$139 to US$1,529 available to individuals earning at least the Mexico City minimum monthly wage (currently Ps.1,538, or approximately US$142). This product was launched in 2004 and initially targeted to the formal sector of the Mexican economy.
• CrediPopular: Loans ranging from approximately US$139 to US$278, with an average term of 26 weeks, that may be renewable based on the credit behavior of the borrower. This product was launched in 2004 and is targeted to the informal sector of the Mexican economy.
• CrediMamá: Loans available to mothers who have at least one child under the age of 18. These loans are initially granted in an amount of approximately US$139, have an average term of 26 weeks and may be renewable based on the credit behavior of the borrower. This product was launched in 2006 and is targeted to the informal sector of the Mexican economy.
• CrediConstruye: Loans intended to finance home improvements available to individuals earning at least the Mexico City minimum monthly wage. The loans initially range from approximately US$278 to US$1,390, with terms ranging from six to 24 months. Launched in 2006, these loans are funded through a special line of credit with Sociedad Hipotecaria Federal, Sociedad Nacional de Crédito, Institución de Banca de Desarrollo, the Mexican federal mortgage agency.
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• CredInmediato: A revolving line of credit ranging from approximately US$139 to US$1,529 available to individuals earning at least the Mexico City minimum monthly wage (currently Ps.1,538, or approximately US$142). This product was launched in 2004 and initially targeted to the formal sector of the Mexican economy.
• CrediPopular: Loans ranging from approximately US$139 to US$278, with an average term of 26 weeks, that may be renewable based on the credit behavior of the borrower. This product was launched in 2004 and is targeted to the informal sector of the Mexican economy.
• CrediMamá: Loans available to mothers who have at least one child under the age of 18. These loans are initially granted in an amount of approximately US$139, have an average term of 26 weeks and may be renewable based on the credit behavior of the borrower. This product was launched in 2006 and is targeted to the informal sector of the Mexican economy.
• CrediConstruye: Loans intended to finance home improvements available to individuals earning at least the Mexico City minimum monthly wage. The loans initially range from approximately US$278 to US$1,390, with terms ranging from six to 24 months. Launched in 2006, these loans are funded through a special line of credit with Sociedad Hipotecaria Federal, Sociedad Nacional de Crédito, Institución de Banca de Desarrollo, the Mexican federal mortgage agency.
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Looking for (Investment Types):
Loans in Local Currency
Equity investments
Loans in US$
Date established:
Oct 1 1993
FYE:
31-Dec
Current Legal Status:
NBFI
Regulated:
no
Partnerships
| Name | Relationship |
|---|---|
| Prodesarrollo | Network Affiliation |
At a glance
- Assets
- Gross Loan Portfolio
- Equity
Contacts
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Adeodato Carbajal OrozcoDeputy Director of Financeacarbajal [at] independencia [dot] com [dot] mx52290235
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Adrian Orocio BarretoAccounting Manageraorocio [at] independencia [dot] com [dot] mx
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Luis Cárdenas ReyesDeputy Director of Investor Relationslcardenasr [at] independencia [dot] com [dot] mx(5255) 5229-0291
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Luis Miguel Díaz-LlanezaChief Financial Officerldiazll [at] independencia [dot] com [dot] mx(5255) 5229-0291
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Manuel Martinez Evangelistammartinez [at] independencia [dot] com [dot] mx+52 (55) 52 29 02 00
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Noel González CawleyChief Executive Officernoel [at] independencia [dot] com [dot] mx(525) 229-0241
