Progreso Financiero Inks Debt Financing from BlackRock Kelso

Progreso Financiero has sealed a $30 million mezzanine debt facility from listed company BlackRock Kelso Capital Corp. Progreso Financiero, using a proprietary risk scoring system, provides loans without collateral to clients who lack a credit history. The company, formed in 2005, has loaned out $210 million, mostly in microloans to the Hispanic community.

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