The Peruvian Federation of Municipal Savings and Credit Banks (FEPCMAC) appointed Luis Fernando Vergara Sahuaraura as president of its board of directors, replacing Jorge Solís, who submitted his resignation to begin a political career.
Vergara will assume leadership of the union for the period 2025-2028. The election, held unanimously during the XLIV Ordinary Assembly of the FEPCMAC, seeks to continue the institutional strengthening of the Municipal Savings System, as well as preserve its stability and its role in promoting sustainable financial inclusion in the country.
The appointment of Vergara Sahuaraura occurs in a context marked by recent debates and legislative initiatives that directly affect the governance, autonomy and sustainability of the Municipal Savings Bank system. Faced with this scenario, the FEPCMAC has been deploying an active agenda of union representation, technical dialogue and coordination with authorities, aimed at defending and valuing the microfinance model as a key tool for financial inclusion and economic development.
In recent months, the union has intensified its work on technical analysis and institutional positioning, both at the local and regional level, coordinating with various sectors. This work has allowed us to reaffirm the importance of having a solid and autonomous savings bank system, with the capacity to serve micro and small businesses, especially in regions where access to the traditional financial system remains limited.
“At FEPCMAC we will continue working with a strategic vision and in an articulated manner with the financial system, regulatory entities and State agencies, with the objective of promoting responsible access to credit and the development of innovative financial solutions that strengthen Peruvian micro and small businesses,” stated Luis Vergara.
Professional career
Luis Fernando Vergara Sahuaraura has extensive experience in the microfinance system, with experience in financial administration, corporate strategy and governance. He is a certified public accountant and has postgraduate studies, including a Master of Business Administration (MBA), as well as training in strategic management, senior management, finance and corporate governance.
Throughout more than 25 years of professional practice, he has held positions of high responsibility, with a focus on institutional sustainability and strategic decision making. Currently, he serves as president of the board of directors of the Caja Municipal de Ahorro y Crédito Cusco, from where he has led processes of organizational strengthening and expansion of financial services.
Previously, he was central manager of Caja Cusco and has held general management and direction functions in public and private entities, such as EPS SedaCusco SA, Consettur Machupicchu SA and the Cusco Chamber of Commerce, among others. His career also includes academic experience, as an undergraduate and graduate teacher in courses related to management, finance and administration.
With this designation, the FEPCMAC begins a new stage of union work aimed at consolidating the advances of the Municipal Savings Bank system and continuing to promote a microfinance model that contributes sustainably to the economic development of the country.
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