Case Study
Mibanco, Peru: Profitable Microfinance Outreach, with Lessons for Asia
How has commercialisation affected Accion Communatria del Peru's (ACP) outreach and sustainability?
28 pages
This paper presents the case of Mibanco, a leading microfinance commercial bank in Peru that grew out of the non-governmental organization Accion Communatria del Peru (ACP). It finds that the transformation of ACP into a microfinance commercial bank has:
- Facilitated its outreach to the poor;
- Ensured its long-term sustainability.
The bank has diversified its sources of funds and increased its reliance on deposits. It has also tapped capital markets through a bond issue in 2002.
The paper concludes that the story of Mibanco provides important lessons for policy makers, practitioners, and funding agencies, and that microfinance institutions in Asia that focus largely on the rural sector can benefit from its lessons in particular.
[Author's Abstract]
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