Financiera Independencia SAB de CV
6.20
MXN
-0.05
(-0.80%)
Financiera Independencia SAB de CV
BIVA:FINDEP
(Institutional Stock Exchange)
Recent
price
6.20
P/E
ratio
4.35
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Financiera Independencia S.A.B. de C.V. SOFOM E.N.R. (FINDEP.MX) operates as a Mexico-based non-bank financial institution specializing in microfinance and personal loans targeted at low- and middle-income individuals, informal sector workers, minimum-wage earners, mothers, and self-employed persons in underserved segments lacking access to traditional banking; its core products and services include CrediInmediato and CrediInmediato Revolvente for formal-sector employees offering revolving lines of credit starting from Ps. 3,000 with fixed-interest terms, CrediPopular and MicroNegocio for self-employed and informal borrowers, CrediMama for mothers with underage children, CrediConstruye for home construction, maintenance, and renovation, Credito Simple and PYMEfectivo as streamlined personal and small business loans, CrediSeguro providing insurance for permanent disability and medical assistance, life and unemployment insurance financing, cell phone payment plans, and additional offerings such as group loans, credit protection, payment freezing options, and acquisition of consumer loan collection rights. Founded in 1993 and headquartered at Prolongación Paseo de la Reforma 600-312, Colonia Santa Fe Peña Blanca, Mexico City, the company conducts operations through approximately 344 branches primarily in Mexico, with expansion into the United States via subsidiary Apoyo Financiero Inc. (AFI) serving unbanked Hispanic communities in California, Arizona, and Texas, and historical presence in Brazil that has been divested. Subsidiaries encompass Financiera Finsol SA de CV SOFOM E.N.R., Apoyo Económico Familiar SA de CV (AEF), Apoyo Financiero Inc., and others focused on complementary lending, insurance, administrative, call center, and marketing services. Recent developments include a March 2025 credit line agreement with BBVA Mexico, a 52.7% cash redemption of securities announced that same month, long-term debt issuances by AFI in U.S. dollars totaling Ps. 2.6 billion as of mid-2025, maintenance of a Ps. 8.0 billion loan portfolio amid macroeconomic challenges with a deliberate risk-aware approach to originations, and ongoing U.S. diversification through AFI's regulated lending licenses to enhance portfolio credit profile.