December 09, 2016 10:47 PM ET

Consumer Finance

Company Overview of Apoyo Financiero Inc.

Company Overview

Apoyo Financiero Inc. operates as a microfinance company that offers personal loans. The company provides loans for family medical, college tuition fee, house construction, wedding, and moving purposes. Apoyo Financiero Inc. was incorporated in 2006 and is based in San Francisco, California. As of February 28, 2011, Apoyo Financiero Inc. operates as a subsidiary of Financiera Independencia, S.A. de C.V.

2091-A Mission Street

San Francisco, CA 94110

United States

Founded in 2006

Phone:

415-552-5032

Key Executives for Apoyo Financiero Inc.

Co-Founder and Chief Executive Officer
Co-Founder and Chairman
Co-Founder and Director
Compensation as of Fiscal Year 2016.

Apoyo Financiero Inc. Key Developments

Apoyo Financiero Inc Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Apoyo Financiero Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported interest income of MXN 76.9 million against MXN 52.2 million a year ago. Net interest income was MXN 61.4 million against MXN 41.4 million a year ago. Net operating revenue was MXN 55.8 million against MXN 40.0 million a year ago. Net operating income was MXN 4.4 million against MXN 9.4 million a year ago. Net income was MXN 2.6 million against MXN 5.5 million a year ago. For the nine months, the company reported interest income of MXN 210.8 million against MXN 132.2 million a year ago. Net interest income was MXN 169.6 million against MXN 103.1 million a year ago. Net operating revenue was MXN 161.2 million against MXN 99.0 million a year ago. Net operating income was MXN 17.4 million against MXN 13.6 million a year ago. Net income was of MXN 10.3 million against MXN 8.5 million a year ago.

Apoyo Financiero Inc Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Apoyo Financiero Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net income of MXN 5.5 million compared to net loss of MXN 0.7 million reported in the same period last year. Interest income was MXN 52.2 million against MXN 28.4 million reported last year. Net interest income was MXN 41.4 million against MXN 20.6 million reported last year. Net operating revenue was MXN 40.0 million against MXN 20.6 million reported last year. Net operating income was MXN 9.4 million against net operating loss of MXN 3.7 million reported last year. For the nine months, the company reported net income of MXN 8.5 million compared to net loss of MXN 8.3 million reported in the same period last year. Interest income was MXN 132.2 million against MXN 70.2 million reported last year. Net interest income was MXN 103.1 million against MXN 53.3 million reported last year. Net operating revenue was MXN 99.0 million against MXN 55.2 million reported last year. Net operating income was MXN 13.6 million against net operating loss of MXN 11.0 million reported last year.

Apoyo Financiero Inc Reports Earnings Results for Second Quarter and Six Months Ended June 30, 2015

Apoyo Financiero Inc. reported earnings results for second quarter and six months ended June 30, 2015. For the quarter, the company’s Net Interest Income was MXN 32.9 million against MXN 16.9 million a year ago. Net Operating Revenue was MXN 32.0 million against MXN 18.0 million a year ago. Net Operating Income was MXN 4.9 million against loss of MXN 3.8 million a year ago. Net Income was MXN 2.8 million against loss of MXN 4.4 million a year ago. For the six months, the company’s Net Interest Income was MXN 61.7 million against MXN 32.7 million a year ago. Net Operating Revenue was MXN 59.0 million against MXN 34.6 million a year ago. Net Operating Income was MXN 4.2 million against loss of MXN 7.4 million a year ago. Net Income was MXN 3.0 million against loss of MXN 7.6 million a year ago.

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