Dealflow | November 9, 2017

Oikocredit exits Peruvian microfinance institution

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The Dutch impact investor invested in Financiera Confianza in 2005 and saw the institution grow to 500,000 customers; 51% are women, 39% are youth, 23% are rural and 87% live below the poverty line, according to the company’s latest (2014) impact statistics (in Spanish).

Financiera Confianza says it has helped more than 40,000 small business owners obtain a first-time loan.

Oikocredit sold its stake to BBVA Foundation, the philanthropic arm of the Spanish bank, for an undisclosed sum.