Los Andes is a microfinance entity that provides credit and savings products to micro and small entrepreneurs in rural Peru. The company operates 101 branches and serves roughly 85,000 borrowers and over 227,000 savings clients, with about 40% of borrowers in rural areas and 47% women. Los Andes has more than 26 years of experience in the microfinance sector and is profitable. The firm plans to pursue strategic M&A to consolidate the microfinance sector and drive scale. It is undertaking a digital transformation to deliver new digital products and increase use of digital processes across its client base. Management says these initiatives aim to expand Los Andes’ reach among Peru’s roughly 2.1 million micro, small, and medium enterprises. Los Andes positions itself to become Peru’s leading rural bank while maintaining a social-inclusion focus.

Total raised

$10M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2024