Show simple item record

Mibanco, Peru: Profitable Microfinance Outreach, with Lessons for Asia

dc.contributor.authorNimal A. Fernando
dc.contributor.authorPatricia P. Calcetas
dc.date.accessioned2015-03-18T06:59:50Z
dc.date.available2015-03-18T06:59:50Z
dc.date.issued2003-07-15
dc.identifier.urihttp://hdl.handle.net/11540/2567
dc.description.abstractT his paper presents the case of Mibanco (“my bank”), a leading microfinance commercial bank in Peru that grew out of the nongovernment organization Acción Comunitaria del Perú (ACP). ACP initially had to go through a difficult period because of macroeconomic instability in the country, but with the return of stability grew rapidly in the late 1990s. It was transformed into a commercial bank in May 1998. Mibanco experienced strong growth, expanded its depth and breadth of outreach and scope of services, and thereby enhanced its value to clients during the posttransformation period. Its loyalty to the original mission of serving the poor and low-income households and their microenterprises is reflected partly in the pro-poor housing loan product (Micasa—”my home”) it introduced in 2000. Mibanco is also expanding its operations from urban to rural areas. The bank has diversified its sources of funds and increased its reliance on deposits. It also tapped capital markets through a bond issue in 2002. The story of Mibanco provides important lessons for policymakers, practitioners, and funding agencies; it is a story of commercial microfinance with a human face. Microfinance institutions in Asia that focus largely on the rural sector can benefit from its lessons.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.titleMibanco, Peru: Profitable Microfinance Outreach, with Lessons for Asia
dc.typeReports
dc.subject.expertEconomic Development
dc.subject.expertEconomic Infrastructure
dc.subject.expertEconomic Policies
dc.subject.expertRegional Economic Development
dc.subject.expertMicrofinance Programs
dc.subject.expertPublic Finance
dc.subject.expertLocal Financing
dc.subject.expertFinancial Stability
dc.subject.expertFinancial Sector Regulation
dc.subject.adbEnterprises
dc.subject.adbFinancial aid
dc.subject.adbEconomies in transition
dc.subject.adbLocal Finance
dc.subject.adbLocal Government
dc.subject.adbInsurance Companies
dc.subject.adbBanks
dc.subject.adbSocial Equity
dc.subject.naturalSocial responsibility of business
dc.subject.naturalAccounting
dc.subject.naturalPersonal budgets
dc.subject.naturalCost and standard of living
dc.subject.naturalBank accounts
dc.subject.naturalCredit control
dc.subject.naturalRegulatory reform
dc.subject.naturalBanks and banking
dc.contributor.imprintAsian Development Bank
oar.themeEconomics
oar.themeFinance
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji Islands
oar.countryKiribati
oar.countryMarshall Islands
oar.countryFederated States of Micronesia
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryPeople's Republic of China
oar.countryHong Kong
oar.countryChina
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
dc.identifier.printisbn971-561-496-5
oar.identifierOAR-002827
oar.authorFernando, Nimal A.
oar.authorCalcetas, Patricia P.
oar.importtrue
oar.googlescholar.linkpresenttrue


Files in this item

Thumbnail

This item appears in the following Collection(s)

  • More Reports
    Other reports published by the Asian Development Bank

Show simple item record

Users also downloaded