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 […]
Tag: Microfinance
Boxes and financial in Peru besieged by crime: illegal and extortion ‘bank’ moves s/8,000 million
The Peruvian Federation of Municipal Savings and Credit Boxes (FEPCMAC) warned that “the overflowing crime” in the country has seriously hitting microfinance constituted by municipal boxes and rural, financial and development entities of the small and Microenterprise (EDPYMES). The head of the guild, Jorge Solís, denounced that cases of extortion and threats directed not only […]
Microfinance companies reject bill that eliminates interbank commissions
The Association of Microfinance Institutions (Asomif) maintained that the bill that prohibits the charging of commissions for interbank transfers would be unconstitutional, which is why it rejected its approval in the Plenary Session of Congress. The president of Asomif, Jorge Delgado, stated that the transfer fee is valid because it must “cost the work of […]
Municipal savings banks: Arequipa will launch the first credit card for direct consumption
The average rate at Caja Arequipa is 18%, so new consumer loans will reach 19-20%, much less than the 80% that the financial system manages today, led by banks. Join the WhatsApp channel Fonavi LIVE: list of beneficiaries, how to collect and payment schedule today at Banco de la Nación ONP, May 2024: see HERE […]
Municipal banks in trouble: microfinance profits fall between 30% and 70%
The Municipal Savings and Credit Banks (Fepcmac) face a reduction in their profits that ranges between 30% and 70% due, in part, to late payments and non-payment by some clients who had rescheduled their debts. According to a magazine report Microfinancethe majority of these microfinance institutions are going through an adverse scenario for their profitability […]
Until September, microfinance institutions placed 20% fewer loans than last year
At the end of the third quarter of 2023, the microfinance Peruvian companies have placed close to 20% fewer loans compared to the same period last year, due to various factors such as the climate emergency and the delays in social conflict and inflation in the first months of the year. This was revealed by […]
9 municipal savings banks can now grant credit cards
After almost two years, the law that strengthens the municipal boxes and that will allow them to grant credit cards on equal terms with banks. Microfinance institutions must only have assets equivalent to 75,000 UIT (S/345 million) after their third year of operation. In fact, there are already nine boxes that meet these requirements: Arequipa, […]
Digital wallet of municipal savings banks: when can microcredits of up to S/200 be requested?
microfinance They will launch a digital wallet that will allow transfers for S/500 a day, in addition to offering ‘lifesaving credits’ with attractive rates. Given the increasing use of mobile applications to make bank transfers, such as Yape, Plin, Tunki, among others, the Peruvian Federation of Municipal Savings and Credit Banks (Fepcmac) announced that they […]
Credicorp close to finalizing the purchase of Joinnus
The BCP financial holding company with a presence in Colombia, Bolivia, Chile, Panama and the United States is in the final stage of acquiring the well-known ‘ticketera’ company. With presence in the financial market Through the four business lines it manages —Universal Banking, Microfinance, Insurance and Pension Funds, and Investment Banking and Wealth Management— the […]
Caja Arequipa, the best microfinance company of 2021
Caja Arequipa consolidated its leadership position this year by being recognized as the best microfinance company in the country. This is thanks to the recognition of organizations specialized in performance evaluation and good governance, as well as clients of the Micro and Small Business sector. A last recognition received has been the one granted by […]