Peru Market Profile

May 14, 2016 - 1:06am from Google news - microfinance
MICROCAPITAL BRIEF: IFC Lends $50m to Microfinance Institution Mibanco of PeruMicroCapitalThe International Finance Corporation (IFC), a member of the World Bank ...
May 14, 2016 - 1:02am from MicroCapital
The International Finance Corporation (IFC), a member of the World Bank Group, recently loaned PEN 167.6 million (approximately USD 50 million) to Mibanco, a Peruvian microfinance institution (MFI).Mibanco plans to use the proceeds for on-lending to small and medium-sized enterprises (SMEs) and low-income earners with the goal of boosting job creation and economic growth in Peru. Carlos Leiria Pinto, IFC’s Head for the Andean Region, stated “this financing demonstrates our support ...
April 27, 2016 - 2:50pm from Center for Financial Inclusion Blog
> Posted by Center Staff Remember the first time you tried to cook? Chances are you were nervous or at least apprehensive about how the food would turn out. If friends or family were in attendance, or, worse, were to eat what you were preparing, you were probably even less confident. Remember the second time you cooked? Or the third? Probably not. The more you actually got into the kitchen, the more your skills sharpened, and the more routine it became. Using ...
April 14, 2016 - 3:09pm from Google news - microfinance
Business News Americas (subscription)
April 13, 2016 - 8:08am from Center for Financial Inclusion Blog
> Posted by Diana Taylor The following post was first published by Emerging Markets magazine on April 8, 2016 Latin America’s financial institutions are microfinance and financial inclusion pioneers. Bolivia’s BancoSol was the first commercial bank focused on the base of the pyramid, helping establish a model that now serves 200 million people worldwide; in Mexico, Compartamos’ 2007 IPO remains the largest in microfinance’s history; and Peru has captured ...
April 5, 2016 - 4:15am from MicroCapital
Afluenta, an Argentina-based peer-to-peer (P2P) lending platform, recently announced it closed a series B funding round totaling USD 8 million from the International Finance Corporation (IFC), a member of the US-based World Bank Group that aims to increase economic growth in developing countries, and Elevar Equity, a “development-focused” private equity fund based in India. Afluenta will use the funding to expand its services from Argentina, Colombia, Mexico, Peru, and to other parts of ...
April 1, 2016 - 8:31am from Google news - microfinance
MICROFINANCE PUBLICATION ROUND-UP: MFI Client Satisfaction and Consumer ...
April 1, 2016 - 8:31am from MicroCapital
“Voice of the Client: An analysis of client satisfaction and consumer protection across four microfinance institutions in Peru,” by J. Foelster, A. Pierantozzi, M. Pistelli; published by the Microfinance Information Exchange (MIX) in collaboration with Hivos People Unlimited; February 2016; 31 pages; available at: 
March 31, 2016 - 12:08pm from Center for Financial Inclusion Blog
> Posted by the Smart Campaign Embed from Getty Images For a brief moment on Monday, all eyes in Tbilisi, Georgia were on the Smart Campaign and its findings on the well-being of microfinance clients. The Campaign presented its Client Voices report in a high-profile event at the Georgian Parliament. Joining the event were 12 ...
March 30, 2016 - 12:26pm from Center for Financial Inclusion Blog
> Posted by Nadia van de Walle, Lead, Africa Partnerships and Programs, the Smart Campaign The Central Bank of Nigeria (CBN) is preparing to issue a Guide to Charges for Banks and Other Financial Institutions for providers in Nigeria, which sets out rules for commissions, charges, and rates on various products and services. It has shared the draft Guide on its website for a ...
March 26, 2016 - 1:54am from MicroCapital
CAF Development Bank of Latin America, a Venezuela-based multilateral financial institution formerly known as the Corporacion Andina de Fomento, recently announced that it will support the Asociacion de Bancos del Peru (ASBANC) Financial Studies Center, a Peruvian-based trade organization with 23 members, by promoting its Billetera Móvil (BIM) digital payment system through financial education and other services. The project focuses on: (i) ”Financial capacity development of ...
March 24, 2016 - 3:22pm from Center for Financial Inclusion Blog
> Posted by Elisabeth Rhyne, Managing Director, CFI As regulators navigate the changes involved in financial inclusion, they must hold fast to first principles. The arrival of new technologies and new players, and in many countries, new mandates for financial inclusion and consumer protection, demand responses in regulation and supervision. Many of these responses are major departures from past practice. However, while the details of regulations and supervision may ...
March 23, 2016 - 12:58pm from Center for Financial Inclusion Blog
The Basel Committee on Banking Supervision has requested comment on a draft guidance document that for the first time addresses the responsibilities of regulators and supervisors in the context of financial inclusion. Given the potential impact of this guidance on regulators around the world, we invited Daniel M. Schydlowsky to review and comment. Dr. Schydlowsky is a fellow at the Mossavar-Rahmani Center for Business and ...
March 21, 2016 - 12:13pm from Center for Financial Inclusion Blog
> Posted by the Smart Campaign The Smart Campaign is thrilled to announce that a new milestone for client protection in microfinance has been reached: there are now 50 financial institutions that have been awarded Smart Certification, recognizing their commitment to fair client treatment and responsible practices. In total, these institutions serve roughly 25 million ...
March 17, 2016 - 2:55pm from Center for Financial Inclusion Blog
> Posted by Elisabeth Rhyne, Managing Director, CFI The following post was originally published on The Guardian. With 700m new accounts opened between 2011 and 2014, more people than ever have a bank or mobile money account. But many of the new consumers ...
March 16, 2016 - 11:17am from Center for Financial Inclusion Blog
> Posted by Caitlin Sanford, Bankable Frontier Associates, and Alexandra Rizzi, the Smart Campaign “Sandra” from Lima described her experience talking to a loan officer: “You don’t understand anything [the microfinance staff members] says, because of how fast he talks.  It is almost as if his tongue is twisted. You end up not understanding in the end. [He says] ‘But ma’am I’ve explained it to you, ...
March 10, 2016 - 3:33pm from Center for Financial Inclusion Blog
> Posted by Center Staff For the first time ever, the Basel Committee has issued draft guidance on financial inclusion, and invited comment. This guidance has the potential to influence the actions of banking supervisors across the ...
March 7, 2016 - 2:26pm from Center for Financial Inclusion Blog
> Posted by the Smart Campaign What do microfinance clients in Peru think about their experiences with financial services? A few weeks ago the Smart Campaign released its Client Voices reports, a four-country research investigation that directly asked microfinance clients about their experiences. After previously spotlighting Benin, ...
February 29, 2016 - 11:52am from Center for Financial Inclusion Blog
> Posted by the Smart Campaign What’s the state of client protection in Georgia? A few weeks ago we launched our Clients Voices project, a four-country research investigation that directly asked clients about their experiences with financial providers and their thoughts on what constitutes good and bad treatment. The four ...
February 25, 2016 - 1:52am from MicroCapital
“Current Trends in International Funding for Financial Inclusion;” by M. Soursourian, E. Dashi and E. Dokle; published by CGAP (Consultative Group to Assist the Poor); December 2015; 4 pages; available at: http://www.cgap.org/sites/default/files/Brief-Current-Trends-in-International-Funding-Dec-2015.pdf This report is based on results from the “2015 Cross-Border ...