Peru Market Profile

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 ...
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 ...