Peru Market Profile

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, ...
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 ...
December 12, 2014 - 4:08pm from Center for Financial Inclusion Blog
> Posted by Jeffrey Riecke, Communications Associate, CFI #109419838 / gettyimages.com Last week the Bangko Sentral ng Pilipinas (BSP) announced substantial increases throughout the country’s microfinance market: growth in the volume of ...
December 11, 2014 - 1:50am 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 will provide USD 18 million to La Positva Seguros Generales, a Peru-based insurance company, through a convertible subordinated loan to expand the availability of insurance to disadvantaged populations within Peru. La Positiva Seguros Generales ...
December 10, 2014 - 6:06pm from Innovations for Poverty Action Blog
Laura Burke   Development policy should be redesigned to reflect new insights about human behavior, according to a new World Bank report. The report calls on the development community to shift its agenda based on new insights in behavioral economics, and supports this proposal with findings from numerous IPA evaluations, including our work on commitment devices, reminders, and peer networks.   “Development economics and policy are due for a redesign,” according to World ...
December 9, 2014 - 1:25pm from Microfinance Africa
The Economist Intelligence Unit (EIU) names the Philippines as the top country in East and South Asia and the third in the world, with the most conducive environment for financial inclusion. In EIU’s maiden edition of the “Global Microscope on the Enabling Environment for Financial Inclusion”, the Philippines together with 54 other countries around the world, were assessed using 12 indicators that measure government support for financial inclusion; regulatory and supervisory ...
December 8, 2014 - 7:26pm from MicroCapital
Absolute Portfolio Management (APM), an arm of Austria-based asset management group C-Quadrat, recently informed MicroCapital that it disbursed credits totaling approximately USD 11 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, Kyrgyzstan, Mexico and India. Of the total, USD 1 million was disbursed to an ...