SOFIPA CORPORATION

About SOFIPA CORPORATION

Historically, Oaxaca has been one of the most lagging states in our country, with a high rate of marginalization and a significant deficit in education, infrastructure, and services, which greatly limits its development. In the early years of the current century, there was a limited offering of specialized financial services for low-income individuals. Addressing this need, SOFIPA (acronym for Sociedad Financiera del Pacífico) was founded with the mission to offer financial services aimed at serving the poorest segment of the population in this state. Over time, given the identified demand for specialized products, SOFIPA expanded its presence to other states in the country, mainly in southeastern Mexico. SOFIPA began operations on February 16, 2004, as a Savings and Loan Cooperative Society. However, due to the specialization in its business model, focused on serving the base of the pyramid, and its future vision, SOFIPA transitioned to the legal structure of a Variable Capital Investment Promotion Stock Corporation, SOFIPA. It is important to highlight that in this change, SOFIPA maintained its work philosophy, based on the development of human talent and its mission to improve the standard of living of the less fortunate through its financial services.