Progreso Financiero certified as community development financial Institution
Progreso Financiero, an innovative and socially responsible lender providing underbanked Hispanics with access to mainstream financial services, today announced that it has been certified as a Community Development Financial Institution in recognition of its work helping borrowers build credit, move up the financial ladder, and achieve their lifelong aspirations.
Financiera Independencia, SAB de CV, SOFOM, ENR a leading Mexican microfinance lender of personal loans to lower income segment individuals and working capital loans through group lending microfinance, announced today that the Comision Federal de Competencia approved its acquisition of Apoyo Economico Familiar SA de CV, SOFOM, ENR, one of the largest unsecured personal lending institutions in Mexico, as announced on December 22nd, 2010.