Peru Market Profile

September 18, 2014 - 5:47pm from Innovations for Poverty Action Blog
Marta Garnelo   (Para español, ver abajo)   Following conversations between J-PAL's Peru-based Policy team and theViceministry of Small and Medium Enterprise and Industry of the Ministry of Production of Peru a training program is being implemented by
September 12, 2014 - 9:43pm from Innovations for Poverty Action Blog
Ariela Alpert & Sarah Craig   Enter almost any market in Uganda, Nepal, or Peru and you are likely to find streets filled with shops all selling the same items, whether it be rows of tire shops, stores selling the same wooden furniture, or shoe shop after shoe shop. It seems that if some of these firms merged to achieve larger scale, they could make more money. Are these firms behaving irrationally, or is the market set up in a way that allows many small businesses to ...
September 10, 2014 - 5:03am from MicroCapital
The Asociación de Bancos del Perú (ASBANC), an association of 23 financial institutions in the country, has announced a partnership with Ericsson, a Sweden-based telecommunications company, with the aim of a mobile money platform in Peru called  Mobile Money. The service is expected to be launched in 2015. Under the terms of the agreement, Ericsson will provide ASBANC with systems integration and support, training and management services. The goal of ASBANC in creating this system is to ...
September 5, 2014 - 2:20pm from CGAP Microfinance Blog
During our May 2014 Annual Meeting in Peru, the CGAP Council of Governors elected three new, at-large industry members to the CGAP Executive Committee (ExCom), which functions as CGAP’s de facto Board. Enlisting industry members to serve on our Board with member oversight roles and learning from their experiences are hallmarks of CGAP’s governance structure.
August 29, 2014 - 6:34pm from Microfinance Focus
Smallholder farmers’ lack of access to finance inhibits economic growth and slows poverty alleviation efforts around the world. Globally, smallholder demand for finance is estimated at US$300 billion, excluding China, and most of that demand is unmet. Social lenders play an important role in addressing this financing gap. Social lenders are impact investors that provide financing to ...
August 28, 2014 - 4:23am from MicroCapital
The World Bank Group (WBG), a group of five multilateral organizations that invest in developing countries, recently approved plans to disburse a total of USD 42 million to support the development of small and medium-sized enterprises (SMEs) and the hydropower and mining sectors of the Lao People’s Democratic Republic (Lao PDR). The International Development Association (IDA), the development agency of WBG that offers grants and interest-free credit to 82 of the world’s poorest ...
August 25, 2014 - 5:03am from MicroCapital
Absolute Portfolio Management (APM), an arm of Austria-based asset group C-Quadrat, disbursed a total of USD 5 million as loans from its two Vision Microfinance funds, the Dual Return Fund-Vision Microfinance and the Dual Return Fund-Vision Microfinance Local Currency, to unidentified microfinance institutions (MFIs) in Georgia, Bolivia and Tajikistan. Of the total, USD 1 million was invested in an MFI that was founded in 1997 in the Georgian capital city, Tbilisi, and provides financial ...
August 18, 2014 - 9:28pm from Mundo Microfinanzas
(Mundo Microfinanzas) “La diferencia entre las IMFs no son los servicios financieros, sino los equipos”. La Academia Financiera 2014 de la red peruana Copeme abordará la cuestión clave de la gestión del capital humano en las instituciones microfinancieras. El programa, que se desarrollará en Lima del 15 al 19 de septiembre de 2014, con apoyo de cooperación estadounidense, está
August 18, 2014 - 3:02am from Mundo Microfinanzas
Lima, Perú. Encuentro Internacional “Pensando el Perú: 50 años de cambios, 50 de desafíos”, 20 y 21 de agosto de 2014, Casa IEP (Horacio Urteaga 694, Jesús María), en conmemoración por los cincuenta años del Instituto de Estudios Peruanos (IEP). El Perú no es como solía ser, afirma el IEP, y “urge mirar con nuevos ojos las inéditas realidades que enfrentamos en el presente”. Pensando el
August 17, 2014 - 5:03am from MicroCapital
The Inter-American Development Bank (IDB), a US-based multilateral finance institution operating in Latin America and the Caribbean, reportedly has approved a loan of USD 100 million to promote lending to micro-, small and medium-sized enterprises (MSMEs) in El Salvador. The funding will be primarily available for MSMEs that operate production-oriented ventures with the aim of increasing their productivity and competitiveness. It is expected that approximately 1,000 MSMEs and a further ...
August 16, 2014 - 5:03am from MicroCapital
The International Development Association (IDA), the arm of the World Bank Group (WBG) that offers interest-free credits and grants to the world’s 82 poorest countries, is planning to disburse a grant of USD 22 million to support the “Tajikistan Agriculture Commercialization Project”[1] of the government of Tajikistan. This project will provide access to loans and grants to small farmers from the government as well as contributing to capacity building among farmers. With the help of the ...
August 14, 2014 - 2:04pm from MicroCapital
Janalakshmi Financial Services (JFS), a Bangalore-based microfinance institution (MFI) that offers lending and insurance services, and International Business Machines (IBM), a US-based information technology consulting company, have signed a six-year agreement worth INR 5.5 billion (USD 90 million) to provide JFS with IBM products and services in support of the MFI’s proposed growth in India. JFS reportedly is seeking to expand from 154 branches to 1,400 branches by 2020 and from 3 ...
August 7, 2014 - 9:35am from Microfinance Focus
11:15 to 12:30 CST: This panel session of the 2014 Asia Microfinance Forum focused understanding client needs and applying insights from behavioral economics when thinking about product design and innovation for financial inclusion. Behavioral economics in this context refers to the ...
August 7, 2014 - 5:04am from MicroCapital
The Vietnam Bank for Social Policies (VBSP), a government-owned bank that offers microfinance and other services in Vietnam, recently has deployed the Intellect (R) Core Banking Solution (CBS), an enterprise platform offered by India-based Polaris Financial Technology Limited (Polaris) [1]. Intellect is expected to help VBSP improve its operational efficiency as well as assess the impact of the bank’s lending programs. Additionally, the system allows the bank to monitor credit lines, ...
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 ...