Low-Income Financial Services Market Sizing and Fintech Assessment: Peru Country Report
This slide deck is a supplement to the CGAP Blog "Why Don’t Fintechs Have a Larger Share of Peru’s MSE Credit Market?" (June 2023).
The deck presents the findings of research commissioned by CGAP as part of its work with Simon, Kucher & Partners (SKP) to establish the status of access to finance for MSEs and the size of the credit market across four different geographies, including Peru. What stood out most from research in Peru was that fintechs, despite their potential to meet financing needs, are only responsible for a minuscule 0.3 percent of the MSE credit market. The research explores some possible explanations for why that is and draws out findings.
This work was commissioned by CGAP and funded in whole or in part by CGAP as part of its MSE Finance in the Digital Age project. Unlike CGAP’s official publications, the viewpoints and conclusions expressed are those of the authors and they may or may not reflect the views of CGAP staff