Financiera Independencia, S.A.B.De C.V. Company Profile - Aug 27, 2011 by WrightReports

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Financiera Independencia SAB de CV Sofom is a Mexico-based company engaged in unsecured microcredit. It offers CrediInmediato for employed individuals, Credipopular for self-employed individuals, CrediMama for mothers who have at least one child under the age of 18, and CrediConstruye for construction, maintenance and renovation of homes. It operates 352 offices across Mexico and 19 offices in Brazil. In Mexico, out of the 352 offices, 207 offices operate under the name Financiera Independencia and 145 offices operate under the name Finsol. On February 19, 2010, the Company acquired the total shares in circulation of Grupo Finsol. On December 22, 2010, the Company acquired 77% of Apoyo Financiero Inc.

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									Company Fundamentals\Company Profile

   A Wright Investors' Service Research Report:

   Financiera Independencia, S.A.B.De C.V.
                                                                                           440 Wheelers Farms Road
                                                                                           Milford, CT 06461 U.S.A.


  COMPANY PROFILE
  Figures in Mexican Pesos

                                 Wright Quality Rating:DCNN                                 Key Data

   Financiera Independencia SAB de CV Sofom is a Mexico-based company engaged in            Ticker:
   unsecured microcredit. It offers CrediInmediato for employed individuals, Credipopular   FINDEP
   for self-employed individuals, CrediMama for mothers who have at least one child
   under the age of 18, and CrediConstruye for construction, maintenance and                2010 Sales:
   renovation of homes. It operates 352 offices across Mexico and 19 offices in Brazil.
                                                                                            4,534,445,000
   In Mexico, out of the 352 offices, 207 offices operate under the name Financiera
   Independencia and 145 offices operate under the name Finsol. On February 19,
   2010, the Company acquired the total shares in circulation of Grupo Finsol. On           Major Industry:
   December 22, 2010, the Company acquired 77% of Apoyo Financiero Inc.                     Financial
                       Stock Chart                                     Officers
                                                                      Chairman              Sub Industry:
                                                              Jose Luis Rion Santisteban    Commercial Banks

                                                              Chief Executive Officer       Country:
                                                               Noel Gonzalez Cawley         Mexico

                                                               Chief Financial Officer      Currency:
                                                               Luis Miguel Diaz-Llaneza     Mexican Pesos
                                                                    Langenscheidt
                                                                                            Fiscal Year Ends:
                                                                   Secretary
                                                                                            December
                                                          Iker Ignacio Arriola Penalosa

                                                                                            Employees
                                                                                            9,763

                                                                                            Exchanges:
                                                                                            MXK

                                                                                            Share Type:
             Stock Price (8/19/2011): 8.02                                                  
								
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