Banco Azteca

Banco Azteca operates in Mexico, Guatemala, Honduras, El Salvador, Panama and Peru, and is the largest bank in Mexico in geographical coverage with more than 3,500 points of contact.^[10] Banco Azteca Mexico has more than 13 million of deposit accounts and a similar numbers of loan accounts.^[11]

Banco Azteca offers consumer and personal loans, credit cards, pawn lending, and group and commercial loans.^[12]

On the deposit side, the bank offers a variety of savings products for its target market, with interest-bearing accounts that can be opened with one peso and do not generate commissions.

According to the World Bank, Banco Azteca has a positive impact on the development of numerous communities through micro financing. In the 2014 Global Financial Development Report about Financial Inclusion, the World Bank indicated that after two years from the start of operations of Banco Azteca in 2002, personal income increased 7% in areas where branches were established, and unemployment decreased 1.4%, due to the increased access to credit, with lower interest rates, compared to other local and microfinance loan providers.^[13]

Also, World Bank reported the increase in income was due to the strengthening of small businesses as a result of larger access to funding, while the growth of companies generated jobs. As a result, these sources of work beneficiated low-income population segments that are the target market of Banco Azteca, which improved income distribution.

Advance America

Advance America is a payday loan provider in the United States, founded in 1997. As of December 31, 2013, Advance America operated over 2,500 lending centers in 29 states and 18 centers in Canada.^[14]

Advance America's current President and CEO is Jim Ovenden. William Webster IV is chairman of the board.^[15]

Advance America provides its cash advances in small-denomination, short-term amounts.^[14] The advances are due on the customer's next payday.^[14]

Advance America does not franchise any of its centers in the United States or Canada and does not provide pawn lending.^[14] The company is a member of the Community Financial Services Association of America.^[16]

Others

Seguros Azteca offers life and liability microinsurance that can be acquired at affordable prices in Mexico and Latin America. Afore Azteca offers pension fund management with the support of the extensive geographical coverage of Grupo Elektra. Advance America is a short-term non-bank loan provider in the United States^[8][17] and, Punto Casa de Bolsa offers financial brokerage services to the middle class of the population.