![Fuente: Los Andes](/sites/default/files/styles/1280x720/public/2024-07/Los%20Andes1.jpeg?itok=L1UFycy1)
The entity's purpose with this capital injection is to complement its physical presence with innovative and digital solutions that facilitate and streamline the management of its collaborators in serving its more than 250,000 clients.
Los Andes, a Peruvian microfinance entity, announced the entry of Accion Digital Transformation Fund (ADTx) as a new shareholder and strategic partner. With this incorporation, they become the only microfinance institution to obtain a world-class capital injection in recent years.
ADTx is an investment fund launched by Accion International whose objective is to support the digital transformation of financial institutions with a focus on microfinance, and will enter with a capital contribution of US$ 10 million.
Rosanna Ramos-Velita, president of the board of directors of Los Andes, said she was proud to integrate a global class entity into the Peruvian financial market.
“The arrival of ADTx as a shareholder is great news for all of us who make up Los Andes because we share the same vision and objective: to accompany our clients to continue promoting financial inclusion and improvement of ventures in marginalized sectors.
This capital will allow us to generate a large investment in technological infrastructure to continue bringing financial services to the most remote communities in our country. Likewise, it is a recognition of the serious work we do in a context in which the economy has been at a low growth rate,” said the director.
Los Andes has more than 100 service points throughout Peru, with a loan balance of almost S/. 600 million (US$ 157.7 million) and S/. 611 million (US$ 160.6 million) in deposits.
The purpose of the entity, originally from the highland region of Puno, with this injection of capital is to complement its physical presence with innovative and digital solutions that facilitate and streamline the management of its collaborators in serving its more than 250,000 clients, both credits as deposits.
“Los Andes seeks to be an agile and innovative company with a strong focus on reaching underserved female clients in rural areas of Peru, which are already experiencing the worst impacts of climate change.
“We are partnering with Los Andes to help them advance their ambitious digitalization agenda, bringing learnings from across Accion’s global microfinance portfolio to improve their service offering for rural women across the country,” said Adelina Dasso, partner for ADTx Latin America.
It should be noted that Los Andes expects to be an important player in rural banking in Peru with a relevant digital presence. In the last two years it has been the only microfinance entity (less than S/. 1,000 million or US$ 262 million) with positive profitability, showing a portfolio growth of 37% in the last four years, management that made them attractive to international investors who are committed to financial inclusion.