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June 01, 2015 10:57 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 2014.

Apoyo Financiero Inc. Key Developments

Apoyo Financiero Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Apoyo Financiero Inc. reported unaudited earnings results for the first quarter ended March 31, 2015. For the period, the company's net interest income was MXN 28.8 million against MXN 15.8 million a year ago. Net interest income after provision for loan losses was MXN 24.4 million against MXN 14.6 million a year ago. Net operating revenue was MXN 27.0 million against MXN 10.4 million a year ago. Net operating loss was MXN 0.7 million against MXN 3.5 million a year ago. Net income was MXN 0.2 million against loss of MXN 3.2 million a year ago.

Apoyo Financiero Inc. Announces Audited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Apoyo Financiero Inc. announced audited earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported interest income of MXN 41.6 million compared to MXN 17.9 million a year ago. Net interest income was MXN 31.4 million compared to MXN 13.7 million a year ago. Net operating revenue was MXN 29.8 million compared to MXN 11.8 million a year ago. Net operating loss was MXN 2.5 million compared to MXN 3.5 million a year ago. Net loss was MXN 1.9 million compared to MXN 4.3 million a year ago. For the year, the company reported interest income of MXN 111.8 million compared to MXN 58.5 million a year ago. Net interest income was MXN 84.7 million compared to MXN 45.2 million a year ago. Net operating revenue was MXN 85.1 million compared to MXN 41.1 million a year ago. Net operating loss was MXN 13.5 million compared to MXN 6.1 million a year ago. Net loss was MXN 10.2 million compared to MXN 5.5 million a year ago.

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