The Peruvian Federation of Municipal Savings and Credit Boxes (FEPCMAC) alerted “the overflowing crime” in the country directly affects microfinance.
The head of the guild, Jorge Solís, indicated that cases of extortion and threats directed not only to the shopsbut also to Credit analystsespecially in the peripheral areas of Lima. “San Martín is a district where criminal gangs and informal parallel banking control the financial market,” he warned.
He added that “we have reached unsuspected moments where criminals handle a territoriality control and the Government has the greatest responsibility.”
He pointed out that “drop by drop that is a way of exercising illegal financial services Place S/4,000 million in the marketwhich is equivalent to two entities or a large entity of the microfinance system. ”
He pointed out that these criminal activities not only put at risk the safety of workers in municipal and client boxes, but also threaten to destabilize the microfinance system that has been fundamental to economic development.
He said that the municipal banks are a pillar in the financing of micro and small businesses (MYPES), which facilitate access to credit and promote the growth of entrepreneurship.
In that sense, Solís indicated that, in addition to strengthening security measures to protect the workers and clients of the microfinance system, it is essential to guarantee the stability of the boxes.
To do this, it is key to viable a support mechanism, including state guarantees, which allows them to mitigate the risks associated with crime and continue with their financial inclusion work without affecting access to the credit of thousands of Peruvian entrepreneurs.
Less credits
In addition, the leader of the FEPCMAC explained that they have registered a decrease in credits. “Who are taking that market? The black, illegal and informal banking. You have to give politics to leverage to the mufronanzas system,” he strengthened.
In 2023, the total balance of placements in the microfinance system in the country was S/68,000 million, while in 2024, the balance reached S/64,000 million, that is -2.1%.
Source: Larepublica
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