The Superintendence of Banking, Insurance and AFP (SBS) ordered the closure of the offices of Margarite SA C, an entity that had been offering money raising schemes under the name Emprende Margarite. According to Resolution No. 03422-2023, said company carried out financial intermediation activities, through Facebook, without having the authorization of the SBS..
Find out in this note from La República a list of entities that offer loans and manage savings illegally, contravening the provisions of article 11 of Law No. 26702. Pay attention to the recommendations of the SBS to report these schemes! of financial informality!
What entities do not have authorization from the SBS to raise money?
Following the intervention of the offices of the company Corporación Margarite SAC by the National Police and the closure of its premises, the Superintendency of Banking, Insurance and AFP (SBS) reiterated that they will continue to combat financial informality in the country. In that sense, there are a series of entities in this area that continue to operate in the country without being registered or without authorization:
- NGO Del Pacífico – Del Pacífico Microfinanzas
- Ayni Sacred Economy
- Sowing Project (Land and Water Production Company SAC)
- Cusco Cooperation Investments – ICC
- CAGSAN Perú SAC – Cagsan Perú
- Blue Capital
How did Margarite operate to execute her pyramid schemes?
The Superintendence of Banking, Insurance and AFP (SBS) revealed that the method of raising money from the Margarite SAC company consisted of offering citizens the payment of a profitability that ranged between 10 and 12% monthly through the subscription of mutual contracts and financing contracts, related to fictitious investments in gold.
Despite the warnings that the SBS gave to the general manager of said company, to refrain from carrying out these illegal activities, the firm continued to operate under this pyramid scheme in which it deceived people with a supposedly profitable investment in jewelry. This led the SBS to file a criminal complaint with the Public Ministry (MP). This intervention at the offices of Margarite SAC included with the support of the National Police and the MP for the execution of the closure.
SBS: how to report financial informality?
The SBS called on the population to be adequately informed and take appropriate precautions to decide where they will save and invest their money. In this sense, there are the following communication channels to report these financial informality activities by people or companies that do not have authorization from the institution or are not registered:
- Call 0-800-10840 or 01-200-1930
- Write to the email informalidad@sbs.gob.pe
What illegal loan applications exist in Peru?
The Superintendency of Banking, Insurance and AFP (SBS) made public, a few weeks ago, a list of online applications that offer and disburse loans at the user’s request, or without the user having requested it. In that sense, the SBS recommends that the population not download them, since they use harmful practices against people’s honor. These are:
- Alpacash – Loans in Peru
- Ekeko: Fast Online Loans
- Vamo Cash: Online Loans
- CurrencyEat
- RápiPago – Your Personal Wallet
- Mint – Easy Loans
- Sol Más: Quick Easy Loan
- MyWealth
- YaCredito – Fast Loans
- ePlata – Online Loans
- Misol – Fast Online Loan
- CoriSilver
- Sol Ya – Peru Loan
- ConfioCash – PE Loans
- Credisol – Credit Loans
- CoriMoney
- ZooPréstamos – Online Credit
- Loan with Peace of Mind
- Flow rises
- Sol PE – Get Money Fast
- Enough Pasta
- Magicaja – Quick Loan
- Plus Loan – Up to 5,000 soles
- EasyPlata – Urgent Loan
- BuenSoles – Quick Loan
- Solibre – Easy Loan
- Express Crédito – Easy Loan
- Sol Button – A Withdraw Button
- Offers
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
