Within the framework of its institutional strengthening strategy and sustainable growth, Piura box He has started formal conversations with IDB Invest, group’s private investment arm Inter -American Development Bank (IDB)with a view to realizing a strategic alliance that promotes its financial solidity, the adoption of new technologies and access to capital in preferential conditions.
The meeting was held at the IDB headquarters in Washington DC and marks a milestone in the history of Piurana microfinance. The Piurana delegation was headed by its president of the Board of Directors, Javier Bereche Álvarez, and director José Olivares, who presented before the senior Bid Invest executives the business model, financial performance and the social impact of the entity on Peru.
James Scriven, CEO of IDB Invest participated by the international organism; Marisela Alvarenga, General Business Director; Alex Contreras, Executive Director of the IDB for Colombia and Peru, and Terence Gallagher, Head of Financial Inclusion.
A strategic step with national impact
In a challenging global economic environment, establishing links with a top -level multilateral partner will allow Caja Piura to enhance its financial structure, incorporate international governance standards and accelerate the digital transformation of its services.
“This approach with IDB Invest is a clear sign of mutual interest in exploring an association model that goes beyond financing. We talk about knowledge transfer, best international practices and innovative digital products oriented to the development of Peruvian entrepreneurs,” said the president of the board of the Piura Financial Financial, Javier Bereche.
The value proposal of the Piura Municipal Savings and Credit Fund is supported by a portfolio of placements that exceeds S/ 6,121 million, a base of more than 431,971 clients in the 24 departments of the country, and a solid commitment to financial inclusion: 50.1% of their clients are women.
This approach is part of a broader roadmap that recently led to the northern institution to Paris, where its managers held similar meetings with the French Development Agency (AFD). Both initiatives reflect a clear strategy of diversification of sources of funding and integration with international actors that share their vision of development.
“We want a Peruvian municipal box to grow with global standards, without losing its essence of closeness and commitment to entrepreneurs. It is a pride to sit at the table with entities of the Bid Invest and AFD caliber to build alliances that strengthen our mission: bring opportunities to all corners of the country,” said Bereche.
Towards a global financial integration
After this first approach, the process will continue with a due diligence phase, which will include the sending of financial, commercial and risk information; as well as the technical qualification by the multilateral organism.
With this firm step, Caja Piura consolidates its leadership in the microfinance sector, reaffirms its long -term vision and begins a new stage of growth with international projection, betting on alliances that promote economic reactivation, digital inclusion and sustainable development of thousands of Peruvian families.
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