Financiera Independencia, a microfinance lending firm based in Mexico, has appointed Didier Mena Campos as its new Chief Financial Officer (CFO). Mr. Mena Campos’ previous experience includes seven years at Credit Suisse Mexico, an expansive branch of the multiservice bank which holds USD 355.5 million total assets in the country. As Managing Director, he was co-responsible of investment banking in Central America and parts of Mexico, as well as strategic partnerships and mergers among larger financial institutions such as HSBC and GE Money.
“Having dealt with the investor community in the past, we are sure that Didier will enhance our dialogue with current and potential investors.” Noel Gonzalez, Chief Executive Officer of Financiera Independencia, said.
Financiera Independencia provides microcredit loans to low-income individuals in urban areas of Mexico. Established in 1993 as the first unregulated “non-bank” financial institution in Mexico, it began listing under the Mexican Stock Exchange in 2007 under the symbol FINDEP. According to the Microfinance Information Exchange, the firm has a total outstanding loan balance of Ps.3,914.6 million (USD 369.7 million).It operates in 31 out of the 32 Mexican federal states and serves approximately 900,000 clients through various microcredit loan products.
By Yrenilsa Lopez, Research Assistant
ADDITIONAL SOURCES:
The MIX Market – Profile for Financiera Independencia
MarketWatch – Financiera Independencia Appoints New Chief Financial Officer
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