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Profundidad de alcance en un contexto de comercialización de las microfinanzas en el Perú

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  • Irina E. Valenzuela Ramírez

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Abstract

This paper seeks to answer the question of what factors are conducive to depth of outreach or the attention of customers with lower incomes, by comercial microfinance institutions (MFIs) in Perú, in order to propose measures aimed to a greater financial inclusion to the microenterprise sector. Using a panel database containing information of the MFIs regulated by the Superintendencia de Banca, Seguros y AFP, and a regression on panel corrected standard errors, the study finds that depth of outreach would benefit from lower administrative costs per borrower, the specialization of MFI loans to microentrepreneurs and higher interest rates, the first two variables being those proposed by the present investigation. Also the trade-off between the depth and profitability of MFIs, discussed widely in the literature on the subject would also be present in commercial MFIs. Additionally, institutions like Edpymes would have the greatest potential for further deepening.

Suggested Citation

  • Irina E. Valenzuela Ramírez, 2011. "Profundidad de alcance en un contexto de comercialización de las microfinanzas en el Perú," Revista Economía, Fondo Editorial - Pontificia Universidad Católica del Perú, vol. 34(68), pages 33-63.
  • Handle: RePEc:pcp:pucrev:y:2011:i:68:p:33-63
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    File URL: http://revistas.pucp.edu.pe/index.php/economia/article/view/2686/2630
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    Keywords

    microfinance institutions; regulation; Peru;

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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