Peru Market Profile

October 16, 2014 - 2:36pm from MicroCapital
MicroCapital: Can you tell us a bit about your talk planned for European Microfinance Week on “balancing financial inclusion with market stability”? Narda Sotomayor: A key element to achieve this balance is the principle of proportionality, under which regulations vary based on the risks associated with the product or service in question. For instance, for ...
October 16, 2014 - 12:10pm from Microfinance Africa
Nairobi, Kenya: Water.org has announced plans to invest over Sh178million (US$2million) in Water Credit programs in the next one year to ensure accessibility to safe water and sanitation in Kenya and Uganda. The organization is also looking to expand the Water Credit programs by working with a diverse set of financial institution partners and funders to attract additional capital to the Water Credit ecosystem. So far, Equity Bank, Kenya Women Finance Trust, ...
October 15, 2014 - 4:56pm from Mundo Microfinanzas
Elizabeth Tinoco, Fredy Otárola y Guy Ryder durante las sesionesdel encuentro regional de la OIT en la capital peruana(foto: Mintra) (Mundo Microfinanzas) La poco favorable evolución de la economía de América Latina y el Caribe en el segundo semestre de 2014 no impedirá que el desempleo urbano regional disminuya levemente este año a 6,0% o 6,1%, desde el 6,2% anotado en 2013, según la
October 13, 2014 - 5:03am from MicroCapital
The International Finance Corporation (IFC), a member of the World Bank Group that offers financial services to businesses and governments in developing countries with the aim of increasing economic growth, has announced that it will loan a total of USD 60 million to Banco Bilbao Vizcaya Argentaria Paraguay (BBVA Paraguay), a subsidiary of the Spanish financial services group BBVA. A loan of USD 40 million and a loan of USD 20 million will be disbursed with terms of five years under the ...
October 4, 2014 - 12:30am 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 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 Azerbaijan, Cambodia, Ecuador, and India. Of the total, USD 3.3 million was disbursed to an MFI that was ...
October 2, 2014 - 3:46pm from MicroCapital
Banco Macro, a private bank in Argentina, recently announced that it has launched “Alumbra,”[1] a lending vehicle for micro- and small enterprises. Alumbra, which will be operated by Fundacion Macro, Banco Macro’s charitable arm, will offer loans in amounts ranging from USD 250 to USD 6,000. Alumbra will be launched in Salta, one of Argentina’s poorest regions. It will use the microfinance banking software of Mambu, a Germany-based technology company that offers cloud-based banking ...
October 1, 2014 - 11:22am from MicroCapital
Accion, a US-based nonprofit organization, recently announced the acquisition of a 10-percent stake in Credinka, a microfinance institution (MFI) based in the Peruvian city of Cusco, from Diviso Grupo Financiero, a financial group that has been listed on the Lima Stock Exchange since 2007. The investment, the price of which has not been specified, is intended to facilitate an increase in the number of clients of Credinka, with the goal of spurring it to become the largest rural MFI in ...
September 18, 2014 - 5:47pm from Innovations for Poverty Action Blog
IPA & J-PAL Policy Team in Peru   (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 ...