Mexican microfinance lender Financiera Independencia to hold Ordinary Shareholders’ meeting

Microfinance Focus, Sep 7, 2010: Mexican microfinance lender, Financiera Independencia has called for a General Ordinary Shareholders’ Meeting to be held on September 20, 2010 in Mexico City. The Company listed on the Mexican Stock Exchange since November 2007, where it trades under the symbol “FINDEP” has also announced the agenda of the meeting which includes discussions on the cash dividend to be paid to outstanding shares, appointment of delegates to formalize the resolutions of the meeting, preparation and possible approval of the minutes of the meetings.

Independencia provides microcredit loans on an unsecured basis to individuals in the low-income segments in Mexico in urban areas. As of June 30, 2010, Independencia had a total outstanding loan balance of Ps.5, 386.7 million, operated 369 offices in Mexico and Brazil and had a total labor force of 11,133 people. On November 30, 2009 Independencia launched a sponsored Level I American Depositary Receipt (ADR) program in the United States. Each ADR represents 15 shares of Independencia common stock and trades over-the-counter (OTC).

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