MICROCAPITAL STORY: IFC Takes 6.5% Stake in Peruvian Microfinance Institution Mibanco

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has acquired a 6.5% stake in Peruvian microfinance provider Mibanco from the Peruvian Group ACP for over USD 6 million. IFC’s director for Latin America, Atul Mehta, said the operation would “serve to further consolidate its position as one of the main sources of microfinancing in Peru.” (see Press Release at ifc.org)

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