Brief history of Apoyo Financiero:
 
Apoyo Financiero was established in November 2007 and offer micro loans aimed mainly at the Hispanic market in the San Francisco Bay Area.
 
Our loans are licensed under a CFL Lenders license which is regulated by the state of California.
 
Apoyo Financiero focuses on Hispanic people that do not have a credit history in the United States and who require resources either to start a business in the United States, or to send money back to their original countries in order to acquire an asset or a durable goods.
 
Apoyo Financiero has a specialized credit methodology and can provide loans to those individuals without a credit history, therefore enabling them to create a solid credit history that will allow them to access other kinds of credit in the future.
 
In 2011 Financiera Independencia acquired 75% of Apoyo Financiero's shares. It was then, when Apoyo Financiero began expanding its reach, firts, by openning the Oakland branch, in 2012 opening of our branches in San Jose, Concord and San Pablo. In 2013 we expanding in South San Francisco, Hayward, Santa Rosam Napa, San Jose-Blossom Hill, Tracy and Gilroy.
 
We currently have 12 branches and have important growth plans so we can serve more clients and contribute to the growth of the hispanic market in California.