Mibanco in Peru plays an innovative role in the Latin American microfinance sector. The bank issues working capital and loans to micro-entrepreneurs and small and medium-sized businesses. Besides this, it offers current accounts, savings, deposit accounts and insurance products to private individuals. Mibanco has built up a good market position in Lima, a city with millions of inhabitants. This gives it a secure basis for further expansion into other cities and into rural areas. Triodos-Doen, Hivos-Triodos Fund and Triodos Fair Share Fund are shareholders in Mibanco. Triodos Fair Share Fund and Triodos Microfinance Fund have provided Mibanco with subordinated loans.
KEY INDICATORS Mibanco at year-end 2012:
- number of loan clients: 505,011
- percentage female clients: 55%
- percentage rural clients: 23%
- average loan amount: EUR 2,770
- number of savings clients: 619,513
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.