Competition Works : Driving Microfinance Institutions to Reach Lower-Income People and the Unbanked in Peru
Competition from commercial banks is prompting microfinance institutions in urban areas ofPeru and other Latin American nations to provide more service to lower-income groups. Wherehigher-income clients are already served by commercial banks, micro...
| Main Authors: | , |
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| Format: | Brief |
| Language: | English |
| Published: |
International Finance Corporation, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/224411547846540930/Competition-Works-Driving-Microfinance-Institutions-to-Reach-Lower-Income-People-and-the-Unbanked-in-Peru http://hdl.handle.net/10986/31198 |
| Summary: | Competition from commercial banks is
prompting microfinance institutions in urban areas ofPeru
and other Latin American nations to provide more service to
lower-income groups. Wherehigher-income clients are already
served by commercial banks, microfinance institutions
competeby attending to a new demographic, while continuing
to serve higher-income clients wherecommercial banking
services are scarce. |
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