EDPYME Raíz | MFIs in Peru

Data provided through EDPYME Raíz

Gross Loan Portfolio USD, 2011: 166.3 million

Number of active borrowers 2011: 87,876

Average loan balance per borrower USD, 2011: 1,892.9

Deposits USD, 2011: 0.0

Assets USD, 2011: 189.0 million

Number of depositors 2011: 0

Mission:

"Brindamos servicios micro financieros para
ayudarte a crecer."
Contribuimos al progreso de las familias emprendedoras, acompañando su crecimiento mediante servicios microfinancieros.

Background and Main Challenges:

Edpyme Raíz S.A. (Raíz), fue constituida el 24 de marzo de 1999 e inscrita en Registro de Personas Jurídicas a plazo indefinido. El 06 de septiembre de 1999, mediante Resolución SBS Nº 0839-99 se recibió la autorización de funcionamiento como Edpyme, y se iniciaron operaciones el día 20 de ... Read more

Address:

Calle Los Cisnes Nº 222 San Isidro

Lima

Peru

Phone:

(51) - 1 - 612 0600

Fax:

(511) 612-0601

Email:

atencionalusuario [at] raizperu [dot] com [dot] pe

Website:

www.raizperu.com.pe

Main Funding Sources:

Préstamos

Capital accionario

Products and Services:

Préstamos

Servicios financieros

Products:

Crédito a la Microempresa y Comercial
Crédito de Consumo
Crédito Hipotecario

Looking for (Investment Types):

Capital

Préstamos en USD

Préstamos en moneda local

% Operations Comprised by MF:

91 - 100

Date established:

Mar 24 1999

FYE:

31-Dec

Current Legal Status:

NBFI

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
Clients living in urban areas	1
Clients living in rural areas	2
+ Development goals (ranked by importance)
Increased access to financial services	1
Growth of existing businesses	1
Poverty reduction	2
Employment generation	2
Development of start-up enterprises	2
+ Poverty targets
Low income clients	1
+ Governance
Has trained members of its board on social performance management
Has a formal board committee that monitors social performance
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Microcredit loans for microenterprises	1
Microcredit for household needs/consumption	1
SME loans
Housing loans	1
+ Savings products offered
+ Compulsory insurance products required
Other compulsory insurance required:	1
Int ps offerinsuranceothertextcompulsory c	desgravamen
+ Voluntary insurance products offered
+ Other financial products and services offered
Remittances services	1
+ Non-financial services offered
+ Enterprise services offered
+ Education services offered
+ Health services offered
+ Women's empowerment services offered
+ Products and services targeting the poor
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Internal audits check household debt exposure, lending practices that violate procedures including unauthorized re-financing, multiple borrowers or co-signers per household, and other practices that could increase indebtedness.
Productivity targets and incentive systems value portfolio quality at least as highly as other factors, such as disbursement or customer growth. Growth is rewarded only if portfolio quality is high.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Staff is trained to communicate effectively with all customers, ensuring that they understand the product, the terms of the contract, their rights and obligations. Communications techniques address literacy limitations (e.g. reading contracts out loud, materials in local languages).
Acceptable and unacceptable debt collection practices are clearly spelled out in a code of ethics, book of staff rules or debt collection manual.
The organization's corporate culture values and rewards high standards of ethical behavior and customer service.
A mechanism to handle customer complaints is in place, has dedicated staff resources, and is actively used. (Suggestion boxes alone are generally not considered adequate.)
Customers know how their information will be used. Staff explains how data will be used and seeks permission for use.
+ Cost of services to clients
+ Social responsibility to staff
+ Human resources
Transparency on salary (a clear salary scale based upon market salaries)
Benefits (medical insurance, pension contribution)
Protection at work (safety, anti-harassment)
Equality (anti-discrimination, equal pay for men and women with equivalent skill levels)
Adicionalmente al seguro nacional de salud, RAIZ cubre el 30% de la Prima del Seguro Médico Privado para quienes deseen afiliarse a alguna EPS.
+ Basis of staff incentives related to social performance
Ability to attract new clients from target market
Client retention/drop-out rate
Portfolio quality
+ Social responsibility to the environment
+ Poverty measurement tools in use

Partnerships

Current
Name	Relationship
ASEP	Network Affiliation
ASOMIF PERU	Network Affiliation
COPEME	Network Affiliation
Incofin - Impulse	Funding

MFI Report

Select i

Social Performance Profile

Partnerships

At a glance

Contacts

MIX Market Data Updates

Share this Profile

Global Partners