FINANCIERA PRONTO CASH IS BORN | HISTORY | The Birth of Financiera Pronto Cash SA |

 Incorporation

 

FINANCIERA PRONTO CASH S.A. is a private Financiera in the Republic of Panama with successful shareholders and staff who have demonstrated their financial knowledge and expertise around the world.  Accountants, Bankers, Lawyers, Auditors and Administrators from major corporations around the world with a solid base for Due Diligence, Compliance and Management.

 The Financiera was established in 2006 to succeed in The Republic of Panama for a financial institution capable of creating loans and capital for the average every day working man or woman in The Republic of Panama. Not as a competitor to the many credible banks, but rather an enhancement to people unable to obtain credit with the banks and to establish the people with a credit rating.

•           Organizational restructuring where the organizational structure was comprehensively decentralized and designed to make FINANCIERA PRONTO CASH S.A. (FPC) more customer oriented, more accountable in Panama and also with ability to compete in the free market economy to create more capital for FPC.

Structure

•             Operational restructuring where operational policies and procedures were streamlined to make FPC more efficient and customer oriented in its operations.

•           Financial restructuring where FPC was to start operating on sound financial basis and fulfilled conditions and measures of financial soundness mainly as outlined by the Products and Services offered by FPC in Panama and now  in many Latin America countries (LAC), Canada and USA.

 

•           Human resource management where requirements for human resources were established and manpower downsizing was affected. To have optimum number of employees with respect to customers and Financiera profitability, employees had to be retrenched.

•           Experienced Compliance Officers were retained and also in house accountants, lawyers and a full legal department was established.

•           Measures were taken to ensure that jobs restructuring would stimulate employees to work; be more productive and aim higher.

•           Cultural change where new corporate culture attributes stressing on customer service and ability to compete were introduced to FPC staff.

•           Staff are taught that every person in the Republic of Panama is equal and deserves equal respect and attention.

Ownership

Shareholding diversification was one of the aspects of FPC financial restructuring. In an unprecedented exercise FPC became the first successful major private Financiera with Five Hundred Thousand  Balboa, as capital that involved only three of shareholders. 

The authorized share capital of Financiera in Panama is only Five Hundred Thousand Balboa presently; however, FPC also has assets exceeding that amount placed in Gold Certificates to insure the financial operation is smooth and efficient in Panama and on a global basis. 

FINANCIERA PRONTO CASH S.A. is a Financiera that cares for its customers and has the capacity to advise its clients. It is a Financiera committed to responsible development of Panama, its economy and society by financing only environmentally friendly projects.

VISION, MISSION & PHILOSOPHY

History - We Know Panama - Philosophy

 

Our theory and philosophy at FINANCIERA PRONTO CASH S.A. is very clear with the Citizens and Residents in the Republic of Panama.

“Citizens, Financial Institutions, Corporations and Residents in the Republic of Panama have a concept that Panama is no ordinary country, because of the Panama Canal; however, more so it is because of the people, culture, heritage, pride and much more in the Republic of Panama. And FINANCIERA PRONTO CASH S.A. is no ordinary financial institution.

It's the way we do business, not just here at FINANCIERA PRONTO CASH S.A., but throughout Panama and Latin America, Canada, USA and Europe" said Ms. Tatiana Viktorovna Nazarova – Deputy Chairman of FINANCIERA PRONTO CASH S.A.

"There's a spirit here that's somewhat unusual for a country of this size. We have a lot of forward-thinking people willing to do the things that keep the community moving ahead politically, financially and in every day living. People in Panama work together free of discrimination, bigotry and united as a people. That's given us a solid foundation."

So, too, forward thinking has ruled the day at FINANCIERA PRONTO CASH S.A., from its beginnings more than 6 years ago when it was given birth by a noted lawyer in Panama to its merger with a major Financial Group from Miami, Florida on December 31, 2012 and the New Year of 2013 began with excitement and new directors and officers.

Vision

The FINANCIERA was just two years old when the rumors of recession hit the news by the media. Banks all over the USA and Europe were closing their doors; property owners were losing their homes, as panic-stricken customers withdrew money, as fast as they could get their hands on it. The scene was different in the Republic of Panama. Panama was vibrant and growing in the real estate sector, Zona Libre, companies opening up and success abounding.

However FINANCIERA PRONTO CASH S.A., shareholders and staff had other ideas. In a bold stroke of inspiration in 2008, we set up Pre Paid Credit Cards – branded from Master Card International, complimentary without a yearly fee or even a monthly management fee and offered Micro Finance Loans, Medical Loans and Payroll advances.

We advised the people of Panama from our then offices at Global Bank Building at Calle 50 & Calle 58 in Panama with a sign that read, "If You Need and Want Money, Come and Apply for It." That step alone sent the signal that money and loans were available and security that gave FINANCIERA PRONTO CASH S.A the distinction of being the only Financial Institution around the world that was not worried about lending money for real estate or any other financial and worthwhile reason in the Republic of Panama or in Latin America.

"It sent a strong message: FINANCIERA PRONTO CASH S.A. stands on solid ground, with paid in capital of $ 500,000.00 and assets of over ONE HUNDRED MILLION DOLLARS in “Gold Assets”. Ms. Tatiana Nazarova – Deputy Chairman of FINANCIERA PRONTO CASH S.A. said. "It's a legacy we try to live up to every day and we will continue to maintain that standard ever day.”

"Just like in a marriage, we all went through a period of adjustment," Ms. Nazarova also stated. "But today we're stronger because of our affiliations with various associations in Panama, Canada, USA and Europe. We have much greater flexibility in our loan portfolio. We have technical support through the regional data center that has allowed us to redesign job positions more effectively. We have access to products that we can adapt to our local needs and put in place quickly.

We can offer expanded services and Pronto Cash Financiera Center services. And all the while, our customers still have the service they've always gotten from us as a local Financiera with local management."

What's been the key to success for FINANCIERA PRONTO CASH? According to Ms. Tatiana Nazarova, “it's our understanding of people who need us and we are there for them”.

Mission

"We are working hard to make our Mobile Financiera Centers locations good and safe places to visit and to accomplish what people need," she said. "Our employees take a lot of pride in our facilities, and it shows in the way they look and the way they work to maintain our professionalism. Yes, we're interested in profitability. But most important, we want our customers to say they were treated well by people with a high degree of ethics and professionalism. If you don't keep that in priority, you can get off track. Fortunately, people have always known that's how they'll be treated here." 

In June of 2010 FINANCIERA PRONTO CASH moved to larger offices due to expansion and opened up on the 17^th Floor of Plaza CrediCorp Bank Panama at Calle 50 & Ave. Nicanor. We also opened up several other offices in other countries worldwide.

No doubt, FINANCIERA PRONTO CASH - our heritage is as distinctive as Panama itself. Located in Central America, Panama became the stopping place for tourists from all over the country. Soon, visitors, attracted by the abundant wildlife and the reputed curative powers of the heady, pine-scented air, acquired large tracts of land and established small business ventures that today draw tourist from around the world. Panama is Paradise!

Cultures from all over the world came to Panama and made their homes here knowing Panama is a safe, financially secure and politically Democratic country to bring up your family and establish happy homes. We have Churches from many Denominations, Mosques, Synagogues, Temples and much more here in Panama, and we live together as intended by our fore fathers in Peace and in Happiness.