The 11 municipal savings and credit boxes operating in the Peru They reached a total of S/36 million 206,000 in Utilities at the beginning of this 2025. This result implies a strong increase of 190% compared to what was obtained in January 2024 (S/12 million 489,000). In detail, nine boxes recorded an increase in their […]
Tag: municipal boxes
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, […]
Microfinance alert damage due to crime
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 […]
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 […]
Deposit Insurance Fund rises to S/124,199: which financial entities have this support?
The maximum amount of coverage of the Deposit Insurance Fund (FSD) for the period September-November 2023 will rise to S/124,199, which represents an increase of S/279 compared to the previous quarter, when it was S/123,920, according to the latest update from the Superintendency of Banking, Insurance and AFP (SBS). In this way, savings accounts, time […]
MEF: the funds of Impulso MyPerú will be increased to S/5,000 million
Given the complicated panorama due to the slowdown in production, which especially affects mypes, the Minister of Economy and Finance, Alex Contreras, indicated that they will inject more resources for their recovery. The most important announcement was the rise from S/3,000 million to S/5,000 million of the funds in Impulso MyPerú, a program that was […]
Municipal savings banks will launch digital wallet at the beginning of 2024
To date, Yape and Plin are the electronic wallets that dominate the market, with more than 10 million users. However, for next year, a new application backed by municipal savings banks is scheduled to enter the race to diversify the offer of this growing item. The president of the Peruvian Federation of Municipal Savings and […]
Municipal savings banks will launch their own digital wallet: what will be the application that will compete with Yape and Plin?
The municipal savings and credit banks (CMAC) plan to launch a new electronic wallet on the market, which will compete directly with Yape and Plinwhich are the best-known payment applications on the market. The president of the Peruvian Federation of Municipal Savings and Credit Banks (FEPCMAC), Jorge Solis Espinoza, revealed that it is a cooperative […]
Fepcmac: 2 municipal savings banks will issue credit cards in the last quarter of 2023
Since March of this year, the municipal savings and credit banks (CMAC) can now issue credit cards without the authorization of the Superintendency of Banking, Insurance and AFP (SBS), as well as banks. To date, CMAC Cusco is the only entity of its kind that already offers this service. However, two more boxes will be […]