Compartamos Enters Peru

Compartamos Enters Peru

Bonds Structured Finance Loans Mexico Peru M&A

Mexican microlender Banco Compartamos is set to enter Peru, after agreeing to acquire 82.7% of Financiera Creditos Arequipa for $63m. Financiera Crear, as the Peruvian entity is known, became a credit entity in 1998 and has a loan portfolio of $130m. Compartamos says Peru reported a 25% increase in loans to micro-businesses in recent years, and that there is a market potential of 1.2m women. About 98% of Compartamos’ clients are women. Compartamos last year transferred its Mexico listing to

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