Since 1998, Peru has received a total of around EUR 121 million (USD 158 million) from the Spanish government’s Microcredit Fund (FCM in Spanish). These funds have been on-lent to approximately 59,000 Peruvian microentrepreneurs through development finance institutions such as the Corporación Financiera de Desarrollo SA (COFIDE) and microfinance institutions such as Confianza, Crear, Edyficar, Caja Municipal de Ahorro y Credito (CMAC) and Mibanco. The Microcredit Fund is managed by the Spanish Agency for International Development Cooperation (AECID in Spanish), which has 42 offices, 19 cultural centers and four training centers around the world. There is no financial information available on the organization.
The US-based nonprofit Microfinance Information Exchange lists 65 microfinance institutions in Peru serving 3.3 million borrowers with an outstanding loan portfolio of USD 7 billion. In addition, these institutions hold USD 5.3 billion in deposits for 3 million costumers.
By Ariana Malushi, Research Associate
Sources and Additional Resources
Andina: “Peru receives over 121mln euros worth of microcredits from Spain”
http://www.andina.com.pe/Ingles/Noticia.aspx?Id=Bz+n0MGJ96g=
AECID: “AECID around the world”
http://www.aecid.es/galerias/AECID/descargas/FOLLETO_AECID_09_ING_ref.pdf
MicroCapital.org Story, October 23, 2011, “MICROCAPITAL BRIEF: Peru Tops 2011 Global Microscope Index on Microfinance Business Environment”
https://www.microcapital.org/microcapital-brief-peru-tops-2011-global-microscope-index-on-microfinance-business-environment/
MicroCapital.org Story, November 17, 2011, “MICROCAPITAL BRIEF: International Finance Corporation (IFC) Mobilizes $40m to Support Peruvian Microfinance Institution Mibanco”
https://www.microcapital.org/microcapital-brief-international-finance-corporation-ifc-mobilizes-40m-to-support-peruvian-microfinance-institution-mibanco/
Browse the MicroCapital Universe and add your entry to the wiki at https://www.microcapital.org/microfinanceuniverse/
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