Microfinance Seen Expanding

Microfinance Seen Expanding

Bonds Loans

Microfinance sector continues to grow in LatAm, according to Fernando Lucano, fund manager at Peru’s Cyrano Management, manager of the $265m Global Microfinance Facility fund. “In Peru there is more or less $2.5bn of financial market assets invested in microfinance,” says Lucano. “The size of the Peruvian financial system is between $18bn and $25bn, so there is 10% of assets in microfinance, and that will continue to grow,” he adds. The microfinance sector is growing by 30%-40% a year in Peru, L

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