Microfinanzas del Uruguay
Microfinance institution Microfin started its operations in Uruguay’s capital city Montevideo in March 2008. Microfin was founded by two experienced Uruguyan bankers to grant more people access to the microfinance market in the country. Among the founding shareholders is Peruvian Grupo ACP who brings in solid regional microfinance experience. The loan portfolio is projected to grow rapidly in the coming years. In view of this development Triodos Sustainable Finance Foundation has provided Microfin with a loan to facilitate further growth.
KEY INDICATORS Microfinanzas del Uruguay at year-end 2013:
- number of loan clients: 14,886
- percentage female clients: 60%
- percentage rural clients: 0%
- average loan amount: EUR 706
- number of savings clients: -
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.