He INDECOPI It is a role of Financial Consumer Protection In relation to savings boxesensuring that they provide clear information about their services, avoiding abusive clauses in contracts and sanctioning unfair practices. In addition, it attends and resolves claims of customers when their rights are violated, promoting transparency and loyal competition in the financial sector. […]
Tag: huancayo box
Three municipal savings and credit boxes closed with loss of S/10 million, and which financial entity won more?
At the end of 2024, the municipal savings and credit boxes in the Peruwhich are the financial arm of the micro and small businesses (MYPES), registered profits of S/399 million, which implied a growth of about 50% compared to the 2023 year (S/266 million). According to data from the Superintendence of Banking, Insurance and AFP […]
Municipal Boxes win S/399 million, but three drag losses and are observed by the SBS
At the end of 2024, the municipal savings and credit boxes in Peru, financial arm of micro and small businesses (Mypes), registered a total of S/399 million in their earningswhich implied a growth of almost 50% compared to the year 2023 that obtained S/266 million. “It is a general recovery for the economy of 2024, […]
Where do you keep your money?: These 2 banks closed their profits with millions of soles in losses, according to the SBS
According to the information provided by the Superintendence of Banking, Insurance and AFP (S.B.S.), at the end of March 2024the financial entities Banco Ripley and Banco Pichincha had losses of millions of soles compared to a previous month. In the case of Ripley Bankclosed February with losses of 10 million soles, a figure that increased […]
What are the municipal savings banks that offer credit cards? Check the requirements to access
The Municipal Savings and Credit Bank of Piura launched its new financial product a few days ago that seeks to facilitate purchases and payments related to the business in favor of micro and small businesses. In this way, it became the second municipal savings bank to issue its own credit card. As recalled, in March […]
What are the 3 municipal savings banks that would issue credit cards in 2024?
The economic recession that Peru is experiencing has changed the consumption habits of citizens and currently, the majority of people assume debts with banks to make their purchases. In that sense, the Federation of Municipal Savings Banks (Fepmac) announced that, for this first half of 2024, three of these financial institutions would issue credit cards. […]
IDB Invest becomes a shareholder of Caja Huancayo to strengthen financial inclusion in Peru
In a historic milestone for financial inclusion in Peru, a momentous agreement was made official between Huancayo Box and the Inter-American Development Bank Invest (IDB Invest), where IDB Invest will acquire shares in the financial entity, marking a milestone in the microfinance in the country. A pioneering commitment The president of Caja Huancayo, Jorge Solis, […]
Mypes can receive up to S/90,000 at affordable rates
99% of the companies in Peru are micro and small (mypes) and, therefore, are elementary in the economy since they provide more than 80% of employment nationwide, according to the INEI. And, despite its importance, the mypes have insured on more than one occasion that in programs such as Reactiva Peru or the FAE have […]
Caja Huancayo will incorporate IDB Invest as a shareholder between June and August of this year
Huancayo Box will incorporate as a shareholder the IDB Invest at the latest in August this year. This, within the framework of Law No. 31711 that enables the entry of multilateral organizations to strengthen the assets of municipal savings and credit banks, announced Víctor Valdivia, general manager of Operations and Finance of CMAC Huancayo. According […]
Caja Huancayo will arrive this year in Bolivia and Chile
Huancayo Box reported that this 2023 plans to expand its services to markets such as Bolivia and Chile, after a first step by inaugurating its first international headquarters in Huaquilla, Ecuador. The municipal fund exceeded S/7 million in credit placements and a delinquency rate of 3.5% in the last year, which places it as one […]