Peru Market Profile

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 ...
February 2, 2015 - 4:01pm 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 Imagine you are a new microfinance loan officer in a rural area of your country and extremely proud to have found a stable, well-regarded job. Your sales territory, while requiring significant travel, is familiar – this is where your father’s extended family is from, and in fact, a few of the borrowers in your ...
January 26, 2015 - 2:00pm from Private Sector Development Blog
Like many World Bankers, I took some time recently to look through the newly released 2015 World Development Report “Mind, Society, and Behavior.” From my perspective, in the Finance and Markets Global Practice, one thing jumped out immediately: The report is packed with insights that are directly relevant to our work on financial inclusion. In the
January 23, 2015 - 4:08pm from Center for Financial Inclusion Blog
> Posted by Juan Blanco, Associate, Financial Inclusion 2020, CFI #103296657 / gettyimages.com In the client protection section of the FI2020 Roadmap to Financial Inclusion, a specific recommendation was made for financial providers ...
January 20, 2015 - 7:17pm from Google news - microfinance
5 Ways Low-Income Women Are Challenging Microfinance Paradigms in Latin ...Huffington PostIn fact, in the two countries where the study was conducted, credit ...
January 13, 2015 - 5:50pm from MicroCapital
Absolute Portfolio Management (APM), an arm of Austria-based asset management group C-Quadrat, recently informed MicroCapital that it disbursed credits totaling the approximate equivalent of USD 8.5 million from its two Vision Microfinance funds, the Dual Return Fund-Vision Microfinance and the Dual Return Fund-Vision Microfinance Local Currency, to unspecified microfinance institutions (MFIs) in Cambodia, Costa Rica, Ecuador and Peru. Of the total, USD 1 million was disbursed to an MFI ...
January 13, 2015 - 3:00pm from CGAP Microfinance Blog
Financial inclusion in Peru has a long road ahead as measured by the Global Findex – just 20% of adults had accounts at formal financial institutions in 2011. But excellent progress is being made in the form of agent networks. Taking advantage of mobile technology, agent networks allow financial service providers to leverage existing retail infrastructure to expand rapidly into areas where traditional bank branches would be too expensive to build.
January 8, 2015 - 6:11am 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 purchased the entire stake of ordinary bonds recently issued by Bancamía S.A. (Corporation), a Colombian microfinance institution (MFI). The offering is valued at COL 100 billion (USD 42 million). Ms María Mercedes Gómez, the executive ...
January 6, 2015 - 3:13pm from Center for Financial Inclusion Blog
> Posted by Kaj Malden, Consultant, PlaNet Finance China For China’s young microfinance sector, which could benefit from more regulatory oversight and transparency, ratings have the potential to catalyze healthy growth. Efforts to incorporate ratings throughout the country’s market, however, have so far been largely ineffectual. A new report from PlaNet Finance China and Planet Rating, The Role of ...
January 5, 2015 - 5:53pm 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 sold five-year “inclusive business bonds” valued at MXN 1.5 billion (USD 100 million) to Japan’s Dai-ichi Life Insurance Company (Dai-ichi Life), a firm that offers life, property and casualty insurance as well as investment trust and related ...
December 28, 2014 - 3:22pm from Microfinance Africa
The microfinance industry in India has emerged from a crippling crisis by reinventing itself. The fact that the industry has appointed a tough self-regulatory body is testimony to its commitment to a client-centric approach. In fact, the self-regulation model has traditionally been viewed with scepticism. There would seem to be an in-built conflict between advocating and promoting the interest of the individual member and the larger interest of the industry. Globally, the ...
December 22, 2014 - 6:16pm from Center for Financial Inclusion Blog
> Posted by Madeleine Dy, International Programs Manager, Water.org More than 100 leaders from the water, sanitation, and finance sectors came together October 21-22, 2014 for the second East Africa WaterCredit Forum in Nairobi to share progress made and to brainstorm lasting solutions to the water and sanitation crisis affecting East Africa. In Kenya, for example, access to safe ...
December 22, 2014 - 3:33pm from Innovations for Poverty Action Blog
Sophie Ayling Editors note: this cross-posting originally appeared on CGAP's site, here.   In Peru, the average recipient of a conditional cash transfer payment has to travel five hours to get to the nearest bank branch or ATM, spending 10% of the payment in transportation costs along the way. As of the first quarter of 2014, there were 700,000 beneficiaries of the
December 15, 2014 - 4:58pm from CGAP Microfinance Blog
In Peru, the average recipient of a conditional cash transfer payment has to travel five hours to get to the nearest bank branch or ATM, spending 10% of the payment in transportation costs along the way. As of the first quarter of 2014, there were 700,000 beneficiaries of the JUNTOS program, a conditional cash transfer program run by the Peruvian government. These beneficiares were primarily women classified as poor or extremely poor, as determined by the national census, and who have ...
December 15, 2014 - 5:21am from Google news - microfinance
MICROFINANCE PAPER WRAP-UP: Peru, Colombia, the Philippines Top 2014 ...MicroCapitalAccording to the Global ...
December 15, 2014 - 5:15am from MicroCapital
According to the Global Microscope on the Microfinance Business Environment 2014, a recent report by the UK-based Economist Intelligence Unit (EIU), Peru is the top country in enabling microfinance for the seventh consecutive year. The Latin American and Caribbean and East and South Asia are in a tie this year for the highest regional scores while the Middle East and North African region have the lowest scores. Peru finished with a score of 87 out of 100, which was attributed ...
December 13, 2014 - 2:25pm from About Microfinance
  Highlights of Day 1 – September 3, 2014 This year’s summit was held from September 3-5, 2014 in Merida, Mexico. Approximately 900 people from 75 countries, comprised of practitioners, regulators, academics and other professionals were in attendance. Presentations were made in English and ...