Peru Market Profile

April 23, 2014 - 2:14pm from Center for Financial Inclusion Blog
> Posted by Danielle Piskadlo, Manager, Investing in Inclusive Finance, CFI The Investing in Inclusive Finance program at the Center for Financial Inclusion at Accion explores the practices of investors in inclusive finance. Across areas ...
April 14, 2014 - 9:41pm from MicroCapital
The Multilateral Investment Fund (MIF), a member of the US-based Inter-American Development Bank (IDB), has disbursed loans to Peruvian credit unions Cooperativa de Ahorro y Crédito Abaco and Fortalecer to expand financial services via intermediaries, including other credit unions, private firms and non-governmental organizations (NGOs) that provide retail lending to rural clients. MIF has provided a subordinated loan of USD 5 million to Cooperativa de Ahorro y Crédito Abaco to ...
April 14, 2014 - 6:20pm from Google news - microfinance
Peru's microfinance sector to foster mortgage lending in 2014Business News AmericasPeru's microfinance sector to foster mortgage lending in 2014. By Business ...
April 10, 2014 - 4:04pm from Portal de Microfinanzas - Noticias
El 66% de la población peruana continúa sin tener acceso a las finanzas en el país y las entidades microfinancieras deben atender a este grupo de personas...
April 7, 2014 - 5:40pm from MicroCapital
Rural Impulse Fund II (RIF II), which is managed by Belgian microfinance fund manager Incofin Investment Management (Incofin IM), recently announced that it has acquired a 15.3-percent stake in Financiera El Comercio (FIELCO), a microfinance institution focused on rural and agricultural markets in Paraguay. RIF II purchased these shares from Accion Gateway Fund, which is managed by US-based nonprofit Accion, for an undisclosed amount. FIELCO expects to use Incofin IM’s expertise in ...
April 3, 2014 - 1:13pm from Google news - microfinance
Japanese microfinance fund seeks to assist small Peruvian farmersGlobalPostA Japanese small-lot fund operator said Thursday it will launch a ...
April 2, 2014 - 11:00am from Center for Financial Inclusion Blog
> Posted by V. McIntyre, Freelance Writer for the Harvard Kennedy School The Financial Inclusion 2020 campaign at the Center for Financial Inclusion at Accion is building a movement toward full financial inclusion by 2020. This blog ...
April 1, 2014 - 10:23am from MicroCapital
TriLinc Global Impact Fund (TriLinc), a US-based private investor in companies that it deems to contribute positively to socioeconomic development in emerging economies, recently disbursed a total of USD 5.7 million in loans through a series of investments in unspecified small and medium-sized enterprises (SMEs) in Brazil, Chile, Indonesia and Peru. The investments include: (1) a USD 500,000 loan with an annual interest rate of 12.43 percent to a sugar producer in Brazil; (2) a USD ...
April 1, 2014 - 5:03am from MicroCapital
The microfinance program of the European Union and the 79-member African, Caribbean and Pacific (ACP) Group of States has announced that it is accepting applications for its last round of 46 scholarships for microfinance professionals from ACP member counties to attend the annual Italy-based Boulder Microfinance Training Program, which is offered by the US-based Boulder Institute of Microfinance. The scholarships, worth USD 4,500 each, cover tuition to attend the training program, however ...
March 31, 2014 - 5:23pm from MicroCapital
Kreditech, a German technology company that uses an online platform to assess the creditworthiness of loan applicants, recently announced that it has raised USD 15 million in debt financing from UK-based venture capital firm Kreos Capital (Kreos). Kreditech intends to use the new capital to finance its current lending operations in the Czech Republic, Mexico, Spain, Poland and Russia. The company has also made public its intention to raise an additional USD 20 million to USD 30 million in ...
March 30, 2014 - 2:55pm from MicroCapital
The Inter-American Development Bank (IDB), a US-based multilateral financial institution that seeks to support sustainable economic development in Latin America and the Caribbean, recently announced that it will create a USD 30 million credit fund that retail lenders in the Dominican Republic can access to expand financing deemed “medium- and long-term” to micro-, small and medium-sized enterprises (MSMEs). The fund will have a term of 25 years; a grace period of 5 years before the ...
March 25, 2014 - 5:10pm from MicroCapital
Peru-based microlender Financiera Edyficar (Edyficar), an operating subsidiary of Peruvian holding company Creditcorp, has received regulatory approval from the Peruvian Superintendency of Banks, Insurance and Pension Funds, the financial sector regulator in the country, for its proposed USD 179 million acquisition of a 60.7-percent stake in Mibanco, a Peruvian microfinance institution (MFI) that is a subsidiary of nonprofit holding company Grupo Accion Comunitaria del Peru (ACP). ...
March 17, 2014 - 10:29am from Portal de Microfinanzas - Noticias
Venta del banco microfinanciero Mibanco a Financiera Edyficar promete mayor escala y eficiencia en el mercado peruano...
March 13, 2014 - 11:26pm from Mundo Microfinanzas
(Mundo Microfinanzas) Acción, con participación minoritaria en MiBanco, anunció este jueves su apoyo a la venta de la entidad peruana a Financiera Edyficar, del Grupo Credicorp. La operación viene de ser aprobada esta semana por la autoridad regulatoria peruana. Michael Schlein La transacción se hizo el mes pasado por el 60,68 por ciento de las acciones que estaban en posesión del Grupo
March 7, 2014 - 4:36pm from Financial Access Initiative Blog
Citibank and Imperial College teamed up to produce Getting Ready for Digital Money:  A Roadmap, a new report that assess the current state of digital money around the world; it  includes a “Digital Money Readiness Index.”  This index links socio-economic development indicators to digital money adoption.   A
March 5, 2014 - 12:23am from MicroCapital
Elevar Equity, an India-based private equity fund that is focused on “impact investing,” is seeking to raise USD 75 million for its third fund by the end of 2014. Elevar reportedly has received commitments of unspecified amounts from two investors, including US-based investment firm Omidyar Network. The identity of the second investor has not been disclosed. The purpose for the third fund has not been specified. Impact investing seeks to develop the social and environmental health of a ...
March 4, 2014 - 11:41am from RemittancesGateway
Last year Peru received $2.7 billion in remittances, a figure that represents a 2.9 percent drop compared with 2012, the central reserve bank said in a report to which Efe had access Monday. In the fourth quarter of 2013, the money sent home by Peruvian emigrants totaled $708 million, some $8.5 million less than in the same ...
March 4, 2014 - 11:41am from RemittancesGateway
Last year Peru received $2.7 billion in remittances, a figure that represents a 2.9 percent drop compared with 2012, the central reserve bank said in a report to which Efe had access Monday. In the fourth quarter of 2013, the money sent home by Peruvian emigrants totaled $708 million, some $8.5 million less than in the same ...
February 25, 2014 - 5:05am from MicroCapital
The Inter-American Development Bank (IDB), a US-based multilateral financial institution that seeks to support sustainable economic growth in Latin America and the Caribbean countries, has partnered with MasterCard Incorporated, a US-based payments and technology company with operations in 210 countries and territories, to expand electronic payment systems in Latin America and the Caribbean (LAC) [1]. This five-year partnership is expected to increase government transparency in the region ...
February 24, 2014 - 4:40pm from Portal de Microfinanzas - Noticias
La morosidad en las cajas municipales subió aproximadamente a 6,4% en enero, pero la Federación Peruana de Cajas Municipales de Ahorro y Crédito espera que la tendencia se revierta en marzo...