Progreso Financiero provides unsecured, closed-end loans with small, fixed payments. Loan amounts range between $500-$4,000; a typical new loan is around $1,000.
Progreso’s program is designed to meet the borrowing needs of under-banked Hispanics who do not have:
Progreso accepts most photo identification issued by foreign governments.
Easy to Understand
Easy to Apply
3 easy and simple requirements:
Additional documentation such as a tax return can help in the approval process but are not necessary for the application.
APR varies according to many factors. The target APR for our loan portfolio is approximately 36% APR, consistent with guidelines set by the Federal Reserve and consumer advocates for small-dollar lending to underserved communities.