FINANCIERA CONFIANZA S.A.A.
Status: Completed investmentWhy disclosure?
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In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Financiera Confianza S.A.A. (“Confianza”) is the 4th largest privately-owned MFI in Peru. It focuses on underserved micro- and small businesses, has strong rural roots and presence and it benefits from support of its main shareholder BBVA Microfinance Foundation (“BBVAMF”).
What is our funding objective?
The development and refinement of a savings mobilisation strategy, over two phases: (i) the discovery phase: identifying opportunities to strengthen Confianza’s current savings model and profiling target clients to better understand client needs. This will be done through database analysis and targeted qualitative market research in two or three cities within the geographic scope of Confianza. (ii) developing the saving strategy, the business case, and a value proposition for savings for target clients using design thinking to offer a financial solution aligned to client’s life cycle.
Why do we fund this investment?
The project is highly aligned with FMO’s strategy to increase financial inclusion. The impact of financial inclusion efforts is enhanced by the development and deployment of a wide range of appropriate financial products, including savings. Savings are one of the key tools for households in managing cash-flow spikes, smoothing consumption and building-up working capital and in increasing resilience.
More investments
| Date | Total FMO financing |
|---|---|
| 6/7/2021 | USD 20.00 MLN |
- Website customer/investment
- http://www.confianza.pe/
- Region
- Latin America & The Caribbean
- Country
- Peru
- Sector
- Financial Institutions
- Effective date
- 12/20/2018
- End date
- 6/30/2020
- Total FMO financing
- EUR 0.03 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C