What Is the Primary Business Focus of Progreso Financiero?


Quick Answer

The primary business focus of Progreso Financiero, now known as Oportun, is issuing personal loans to individuals in the Hispanic community who have limited or no credit history, explains Oportun. Oportun reports loans and payment activity to Experian and TransUnion to help customers develop a strong credit history.

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Full Answer

Customers can apply for an unsecured loan with photo identification and proof of income in the form of pay stubs or bank statements, advises Oportun. Loans are only available to individuals with an address in California, Illinois or Texas. Customers can borrow between $500 and $5,000 depending on income, debt level and payment history. Although focused on helping the Hispanic community, any qualified individual can apply for a loan.

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