Caja Metropolitana de Crédito Popular de Lima

Gross Loan Portfolio USD, 2011: 214.2 million

Number of active borrowers 2011: 48,931

Average loan balance per borrower USD, 2011: 4,377.2

Deposits USD, 2011: 202.9 million

Assets USD, 2011: 294.8 million

Number of depositors 2011: 49,453

Mission:

Somos un equipo comprometido que aportamos soluciones financieras capaces de agregar valor a la sociedad conduciéndonos con eficiencia y rentabilidad.

Background and Main Challenges:

La Caja Metropolitana se creó bajo la denominación social de Caja Municipal de Crédito Popular de Lima, mediante Ley Nº 10769 en enero de 1947. Su objetivo principal es fomentar el ahorro y desarrollar el crédito de consumo, principalmente de los préstamos pignoraticios, los créditos a la micro ... Read more

Address:

Av. Nicolás de Piérola Nº 1785

Lima

Lima 1

Peru

Phone:

(511) 619-7573

Website:

www.cajametropolitana.com.pe

Products and Services:

Loans

Voluntary Savings

Leasing

Funds Transfer Services

Training and Consulting

Looking for (Investment Types):

Equity

Loans in Local Currency

Loans in EUR

Date established:

Sep 8 1949

FYE:

31-Dec

Current Legal Status:

NBFI

Regulated:

yes

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
+ Development goals (ranked by importance)
+ Poverty targets
+ Governance
Has trained members of its board on social performance management
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Microcredit loans for microenterprises
Microcredit for household needs/consumption
Housing loans
Créditos pignoraticios, créditos para vehículos de conversión a gas
+ Savings products offered
Voluntary savings accounts
Compulsory savings accounts (cash collateral)
Fixed term deposits
+ Compulsory insurance products required
+ Voluntary insurance products offered
+ Other financial products and services offered
+ Non-financial services offered
+ Enterprise services offered
+ Education services offered
+ Health services offered
+ Women's empowerment services offered
+ Products and services targeting the poor
Products and services specifically designed to target the poor:
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Internal audits check household debt exposure, lending practices that violate procedures including unauthorized re-financing, multiple borrowers or co-signers per household, and other practices that could increase indebtedness.
Productivity targets and incentive systems value portfolio quality at least as highly as other factors, such as disbursement or customer growth. Growth is rewarded only if portfolio quality is high.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Staff is trained to communicate effectively with all customers, ensuring that they understand the product, the terms of the contract, their rights and obligations. Communications techniques address literacy limitations (e.g. reading contracts out loud, materials in local languages).
Acceptable and unacceptable debt collection practices are clearly spelled out in a code of ethics, book of staff rules or debt collection manual.
The organization's corporate culture values and rewards high standards of ethical behavior and customer service.
A mechanism to handle customer complaints is in place, has dedicated staff resources, and is actively used. (Suggestion boxes alone are generally not considered adequate.)
Customers know how their information will be used. Staff explains how data will be used and seeks permission for use.
+ Cost of services to clients
Declining balance interest method
+ Social responsibility to staff
+ Human resources
Protection at work (safety, anti-harassment)
Equality (anti-discrimination, equal pay for men and women with equivalent skill levels)
+ Basis of staff incentives related to social performance
Ability to attract new clients from target market
Quality of interaction with clients based on client feedback mechanisms
Quality of social data collected
Client retention/drop-out rate
Portfolio quality
+ Social responsibility to the environment
This institution raises clients' awareness about environmental impacts
This institution trains/educates clients regarding environmental improvements
This institution offers lending lines linked to alternative energies
+ Poverty measurement tools in use

Partnerships

Current
Name	Relationship
ASOMIF PERU	Network Affiliation
Oikocredit	Funding

MFI Report