Peru Market Profile

May 16, 2015 - 5:03am from MicroCapital
The International Finance Corporation (IFC), a member of the US-based World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, recently announced that it has lent USD 40 million to Banco Internacional, a commercial bank in Ecuador. The aim of the loan is to facilitate on-lending to small and medium-sized enterprises (SMEs). An unspecified portion of the loan will be dedicated to women-owned ...
May 13, 2015 - 5:15am from MicroCapital
During April 2015, Austria’s C-Quadrat Asset Management disbursed from its Dual Return Funds local-currency loans totaling USD 1.25 million to unspecified microfinance institutions (MFIs) in Armenia and Ghana. Of the total, USD 500,000 was lent to the MFI headquartered in Accra, Ghana, which was founded in 2007 and provides services to micro-, small, and medium-sized enterprises (MSMEs). C-Quadrat Asset Management oversees two funds, Dual Return Fund – Vision Microfinance and Dual ...
May 11, 2015 - 1:01pm from MicroCapital
Event Name: Webinar: Data Driven Social Performance Management Event Dates: English-language webinars will be held on May 26, 2015, at 7:00 AM Eastern US Time and May 27, 2015, at noon Eastern US Time. A Spanish-language version of the webinar will be held on May 28, 2015 at noon Eastern US Time. Event Location: Online Event Summary: The hour-long session will feature a new tool available on the website of the US-based nonprofit Microfinance Information Exchange ...
May 9, 2015 - 1:45pm from MicroCapital
“Aging and Financial Inclusion: An Opportunity;” published by HelpAge International and Accion’s Center for Financial Inclusion; 2015; 40 pages; available at https://centerforfinancialinclusionblog.files.wordpress.com/2015/02/aging_and_financial_inclusion_an_opportunity.pdf This report highlights various barriers and opportunities in providing financial ...
May 6, 2015 - 3:49pm from Microfinance Africa
Micro-insurance is a new concept where premium is set in such a fashion that the low-income people can afford to pay it and get the benefit of insurance services. But then micro-insurance has been receiving less attention as an inclusive financial service for the poor and low-income people. Many developing and under-developed countries have already introduced micro-insurance. Some countries, such as Brazil, Peru, India and the Philippines have incorporated micro-insurance in their ...
May 6, 2015 - 2:33pm from Center for Financial Inclusion Blog
> Posted by Elisabeth Rhyne, Managing Director, CFI Since 1992, when Accion created BancoSol in Bolivia, the first private commercial bank dedicated to microfinance, Accion’s aim has been to create a financially inclusive world, primarily through building financial institutions that serve the base of the pyramid. Accion has contributed to the birth, growth, or strengthening of 66 microfinance institutions in 34 countries, which ...
May 4, 2015 - 10:08pm from Acumen Fund Blog
Acumen today announced its expansion to support social entrepreneurship in Latin America. The pioneer in impact investing will be headquartered in Bogotá and will invest in innovative entrepreneurs and enterprises in Colombia and Peru to drive faster, sustainable solutions to poverty and create new paths forward to tackle economic inequality. While extreme poverty in Latin America has declined by half, more than 80 million people still live ...
April 27, 2015 - 4:29pm from Center for Financial Inclusion Blog
> Posted by Nelly Agyemang-Gyamfi, Program Coordinator, CFI On the 6th of April, 68 financial inclusion stakeholders from 23 countries across the globe arrived in (a thankfully snowless) Boston to commence the 10th annual HBS-Accion Program on Strategic Leadership in Inclusive Finance. Over the past decade, the deeply immersive, week-long program has trained ...
April 15, 2015 - 4:00pm from The Microfinance Research Blog
We don’t write blogs purely for ourselves — we write them to be read. For people who live far from family and friends, blogs serve twin readerships: they give the intrepid traveler a simultaneous way to chronicle travels for a broad audience and update those back at home. We love following the worldly adventures of these four expats and nomads, and we’re sure their friends appreciate the virtual lifeline, too!
April 13, 2015 - 4:49pm from Center for Financial Inclusion Blog
> Posted by Elisabeth Rhyne, Managing Director, CFI The following post was originally published on the MasterCard Center for Inclusive Growth blog. Reaching full financial inclusion by 2020 will require supportive policies in every country around the globe. The Economist Intelligence ...
March 30, 2015 - 3:13pm from Center for Financial Inclusion Blog
> Posted by the Platform for Inclusive Finance (NpM) How has the microfinance industry leveraged regulation and supervision to safeguard client wellbeing? In priority areas like over-indebtedness, acceptable pricing, and transparency, what progress has been made to ensure that institutions are operating responsibly? And in cases where regulatory actions have been taken, how have they been implemented? A recent research project conducted by EY and the Platform for ...
March 19, 2015 - 2:15pm from Microfinance Africa
WITH microinsurance being one of the government’s thrust for financial inclusion, one of the pioneering mutual benefit associations (MBA) in the country reported that it has insured 10.9 million Filipinos as of February, holding the biggest number of insured individuals in the microinsurance industry to date. The Center for Agriculture and Rural Development MBA (Card-MBA), the insurance arm of Card Mutually Reinforcing Institutions (Card-MRI), said in a statement that claims ...
March 16, 2015 - 4:23pm from Center for Financial Inclusion Blog
> Posted by Jami Solli, Independent Consultant and Founder of the Global Alliance for Legal Aid #186885399 / gettyimages.com As we acknowledge World Consumer Rights Day, celebrated on March 15th each year, recent news from South Africa on ...
March 13, 2015 - 3:16pm from Center for Financial Inclusion Blog
> Posted by Center Staff #147841446 / gettyimages.com In over 100 countries around the world, central banks, stock markets, finance providers, NGOs, and others are coming together en masse this week and next to target the financial inclusion of one of the most underserved client segments: children and youth.
March 12, 2015 - 3:44pm from Center for Financial Inclusion Blog
> Posted by V. McIntyre, Freelance Writer for the Harvard Kennedy School #74942964 / gettyimages.com Often, we hold out hope that innovation will happen through the great leap forward, the stroke of luck, the miracle cure – and when one candidate fails, we go off in search of another. There is justifiable concern that this ...
March 12, 2015 - 5:00am from MicroCapital
The government of Colombia recently approved a law to regulate and license electronic deposit-taking entities. These financial institutions, designated Sociedades Especializadas en Depósitos y Pagos Electrónicos (Specialized Electronic Deposit and Payment Institutions), may be incorporated by individuals or legal entities, such as telecom operators or postal offices. With a minimum capital requirement of USD 3 million, these entities can allow users to save, make payments and receive ...
February 20, 2015 - 10:00pm from CGAP Microfinance Blog
Financial services innovators in Peru may have secretly adopted Chinese philosophy.When it comes to delivering financial services to lower income segments, these innovators have struck an interesting balance between cashless and cashy transactions – sort of the yin-yang of agent networks– as they built synergies across services, rather than following an either-or approach.
February 9, 2015 - 4:20pm from MicroCapital
This opinion piece was contributed by David MacDougall, a consultant based in the US city of New York. Microfinance inspires optimism. Investors – especially private equity investors – anticipate handsome returns; aid agencies see strong social impact; and microfinance institution (MFI) managers are certain they can grow themselves out of every tight situation. While microfinance can play an important role in development, most MFIs nevertheless are relatively simple ...
February 9, 2015 - 4:09pm from Center for Financial Inclusion Blog
> Posted by Alexandra Rizzi, Deputy Director of the Smart Campaign, and Jami Solli, Independent Consultant and Founder of the Global Alliance for Legal Aid When clients are facing loan default, they’re often in the most precarious financial position of their lives. As we detailed on this blog last week, navigating ...
February 3, 2015 - 5:01am from MicroCapital
Movistar, the Spanish mobile phone operator owned by Telefónica S.A., and Mastercard, the US-based payments and technology company, recently launched “Tu dinero móvil” (Your mobile money), which reportedly is the first electronic money service operating in Peru [1]. The service will allow Movistar’s 16 million mobile users in Peru to perform financial transactions such as depositing and withdrawing money, refilling mobile balances and purchasing goods in the 65,000 establishments in Peru ...