November 1, 2011
Few if any microlenders can boast of Banco Compartamoss reach in Latin America after recent expansions both in Peru and Guatemala. More are on the way as the bank looks to grow its operations throughout the region.
After Compartamos last year transferred its Mexico listing to its financial holding company to facilitate its first international acquisitions, the bank proceeded to make its first purchase abroad. This year, the bank acquired 88.7% of Financiera Créditos Arequita (Crear), a Peruvian microlender with a loan portfolio of $130m and market potential of 1.2m women
The acquisition fits nicely with the Compartamos strategy, as 98% of its clients are women. Banco Com
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