Peru Market Profile

July 27, 2014 - 8:00pm from MicroCapital
Absolute Portfolio Management (APM), an arm of Austria-based asset group C-Quadrat, recently informed MicroCapital that it has distributed credits in several currencies that total approximately the equivalent of USD 13.5 million to unspecified microfinance institutions (MFIs) in Armenia, China, India, Peru and Tajikistan through its Dual Return Fund-Vision Microfinance and Dual Return Fund-Vision Microfinance Local Currency. A total of USD 5.75 million was distributed to a Bangalore-based ...
July 24, 2014 - 4:18pm from MicroCapital
Mentors International, a US-based nonprofit microfinance institution (MFI) that seeks to help poor people in developing countries become self-sufficient, recently has signed on to use the banking software of Mambu, a Germany-based technology company that offers cloud-based banking solutions. Mambu’s platform is expected to support Mentors International’s operations in El Salvador, Guatemala, Honduras, Peru and in the Philippines. Mentors International will also use Mambu’s open ...
July 17, 2014 - 5:32pm from Center for Financial Inclusion Blog
> Posted by Juan Blanco, Associate, Financial Inclusion 2020, CFI In Latin America and the Caribbean, approximately 40 percent of families live in houses to which they have no title or that lack sewage systems, water, electricity, or proper building materials, according to the Inter-American Development Bank (IDB). However, current annual investments in living solutions by the ...
July 16, 2014 - 6:57am from MicroCapital
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently announced that it will assist the Central Bank of Morocco (CBM), also known as Bank Al-Maghrib, with the development of laws and regulations regarding credit information sharing among lenders. IFC will also assist CBM with developing guidelines for the supervision of the country’s financial sector. The new legislation is intended to meet international standards and help ...
July 15, 2014 - 5:03am from MicroCapital
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has announced a USD 25 million investment in Proyectos Educativos Integrales del Peru (PEIP), an education company, to create a university and a network of technical institutes to educate low-income students in Peru. Part of this investment will also be used to establish an unspecified number of primary and secondary schools in the country. In a quote attributed to Mr. Jose Antonio Garcia ...
July 14, 2014 - 3:55pm from MicroCapital
The Grameen Credit Agricole Microfinance Foundation (GCAMF), which is based in Luxembourg and invests in “social businesses,” recently informed MicroCapital that it has made an investment of USD 500,000 in Nairobi-based Agriculture and Risk Enterprise Limited (ACRE), a microinsurance provider that aims to launch products in East and West Africa in exchange for an 8-percent stake in the company. ACRE grew out of the “Kilimo Salama” program of the Switzerland-based Syngenta Foundation for ...
July 14, 2014 - 3:17pm from Private Sector Development Blog
Financial consumer protection has become a hot topic among financial-sector policymakers in recent years. Consumer protection is increasingly recognized as a critical complement to financial inclusion, particularly after the global financial crisis. Enabling consumers to understand what financial products they’re buying, and enabling them  to “comparison shop” among providers, can lead to safer access to financial services as well as to broader financial stability.
July 8, 2014 - 5:03am from MicroCapital
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently signed a cooperation agreement with the Chadian Ministry of Planning and International Cooperation, the governmental body charged with organizing and implementing development projects in the country, to support the development of leasing options for small and medium-sized enterprises (SMEs) in Chad. As a result of this agreement, IFC plans to lay the groundwork for leasing options for ...
July 5, 2014 - 5:03am from MicroCapital
The Microfinance Information Exchange (MIX), a US-based nonprofit that provides performance data and analysis on microfinance institutions (MFIs) and their funders, networks and service providers, recently announced the appointment of Mr Jeffrey Binstock as the organization’s new CEO. Mr Binstock will succeed Mr Marten Leijon, who headed the organization for four years. Mr Binstock has 20 years of professional experience in the finance, media and information services sectors. During his ...
July 2, 2014 - 4:52pm from MicroCapital
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, reportedly has committed USD 15 million to EuroMena III, a 7-year closed-end private equity fund that aims to invest in small and medium-sized enterprises (SMEs) in Egypt, Lebanon and Jordan. The fund will also consider investment opportunities in other countries in the Middle East and North Africa (MENA) region. The fund will focus on companies that create new employment opportunities and ...
June 30, 2014 - 6:45pm from MicroCapital
Absolute Portfolio Management (APM), an arm of Austria-based asset group C-Quadrat, recently informed MicroCapital that it has distributed credits worth approximately USD 9.4 million through its two Vision Microfinance funds to unspecified microfinance institutions (MFIs) in Armenia, India, Kazakhstan, Kyrgyzstan, Mongolia, Peru, Sri Lanka and Tanzania. A total of USD 2 million was loaned to an unnamed MFI based in the Sri Lankan city of Rajagiriya that was established in 2008 with the ...
June 26, 2014 - 12:41am from MicroCapital
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has loaned EUR 35 million (USD 47.5 million) to Garanti Bank Romania, the Romanian arm of the Turkey-based Garanti Bank, to support on-lending to small and medium-sized enterprises (SMEs), including loans totaling EUR 20 million (USD 27.2 million) to companies owned or managed by women. As MicroCapital reported at the time,
June 24, 2014 - 7:00am from Acumen Fund Blog
Acumen Global Fellows are architects for the impact sector. They are innovators, game changers, visionaries, with various professional experiences looking to make substantial change in the world. They have thrived in companies such as Google; they have started their own companies in Sri Lanka, Canada and Malaysia.  They are choosing the challenge of working alongside our portfolio companies and immersing themselves in a rigorous leadership training. Over the past 9 years, thousands ...
June 16, 2014 - 2:34pm from MicroCapital
“Technical Guide: Performance and Social Indicators for Microfinance Institutions;” by Sebastian von Stauffenberg, Damian von Stauffenberg, Maritza Rodriguez, Rebecca Spradlin and Antonio Bryant; Published by MicroRate; 2014; 64 pages; available at http://www.microrate.com/media/downloads/2014/05/MicroRate_-Technical-Guide-20142.pdf Published by MicroRate, a ...
June 16, 2014 - 5:04am from MicroCapital
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has announced that it is loaning USD 18 million to Financiera Confianza, a Peruvian microfinance institution (MFI) that offers microloans and deposit services to low-income entrepreneurs [1]. The loan is intended to support the expansion of the MFI’s operations in low-income and rural areas in Peru. Financiera Confianza is one of the eight financial entities associated ...
June 11, 2014 - 3:41pm from Center for Financial Inclusion Blog
> Posted by Jeffrey Riecke, Communications Associate, CFI As if we needed more motivation to support the expansion of microinsurance, the increase in extreme weather is highlighting the ability of the financial service to spur climate change adaptation. Farming in developing countries is responsible for 70 percent of the world’s food supply, and farmers in developing countries are vulnerable to ...
May 30, 2014 - 4:51pm from CGAP Microfinance Blog
Every year, CGAP’s Council of Governors (CG) brings together more than 30 international organizations committed to global financial inclusion. At the core of the meeting is reflecting on trends and priorities in the field as well as determining the role that CGAP should play in advancing responsible, market-based innovations to advance for poor people access to the financial services they need to improve their lives.
May 29, 2014 - 2:41pm from Innovations for Poverty Action Blog
Pamela Chan, CFED blog   Editor’s note, this post originally appeared on the CFED blog here.   How effective would you like your mobile banking alerts to be? Last month, The New Yorker featured a snarky mobile banking program in a humor column ...
May 28, 2014 - 3:00pm from The Microfinance Research Blog
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May 22, 2014 - 5:04am from MicroCapital
The Microfinance Information Exchange (MIX), a US-based nonprofit, recently announced the launch of FINclusion Lab, a platform that provides interactive visual interpretation and analysis of country-specific data pertaining to financial services activities in Africa, Asia and Latin America [1]. The platform, currently in its “beta” testing stage, is geared toward helping financial service providers, policy makers, regulators and other development professionals assess the “access, quality, ...