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Overview of Regulatory Environment |
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Formal institutions are the main providers of microfinance services in Peru, including commercial banks and three types of specialized financial entities: (1) municipal savings and credit banks (CMACs), (2) rural savings and credit banks (CRACs), and (3) entities for development of small and micro enterprises (EDPYMEs). There are also semi-formal and informal providers, including credit NGOs and credit cooperatives. The formal institutions are regulated by the Superintendencia de Banca y Seguros (SBS). Some unregulated microfinance providers voluntarily report financial disclosures to COPEME, the Consortium of Private Organizations that Promotes the Development of Small and Medium Enterprises. The Instituto Nacional de Defensa de la Competencia y de la Protección de la Propiedad Intelectual (INDECOPI) regulates consumer protection. |
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Read this INFORMATIVE PROFILE of the legal and regulatory environment for microfinance in Peru from the Comparative Database on Regulation and Supervision. |
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| Financial & Other Regulators | ||
| Superintendencia de Banca y Seguros (SBS) | ||
| Instituto Nactional de Defense de la Competencia y de la Proteccion de la Propiedad Intelectual (INDECOPI) | ||
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Recommended Reading |
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Microfinance Regulation in Peru: Current State, Lessons Learned and Prospects for the Future Ebentreich, A. (2005) Essays on Regulation and Supervision No. 4 |
| » | Financial Inclusion and Consumer Protection in Peru: The Branchless Banking Business SBS/CGAP (2010) |
| » | The Microfinance Sector in Peru: Opportunities, Challenges and Empowerment with Gender Mainstreaming Pait, S. (2009) |
| » | Regulation of Microfinance: An Impact Assessment of the Regulatory Framework of Microfinance Institutions in Peru Chenet, Y. (2006) |
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Peru: Microfinance Investment Environment Profile Kane, S.; Nair, D.; Orozco, V. & Sinha, S. (2005) |