Peru’s urban centers currently enjoy a high degree of microfinance services, but this is not the case in the countries’ rural areas, where entrepreneurs often struggle to access capital. With this in mind, Accion invested in Financiera Credinka in order to help reach more rural clients and enter new markets. In 2014, Accion purchased a 10 percent stake in Financiera Credinka from majority stakeholder Diviso Grupo Financiero.
Financiera Credinka has enjoyed steady growth over the years, and it is currently the second largest rural savings and loan company in Peru. We are working with Financiera Credinka to help expand its reach and scope so that it can serve even more microentrepreneurs across the country.