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The Microfinance Sectors in Peru and in Mexico: Why have they followed different paths?

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  • Pablo Cotler

    (Department of Economics, Universidad Iberoamericana, Mexico City. Mexico)

  • Giovanna Aguilar

Abstract

This paper explores some of the reasons that may help explain why the microfinance sectors in Peru and in Mexico have developed so differently. Whereas in Peru, this sector is characterized by financially sustainable institutions operating in a competitive environment with an efficient regulation; in Mexico, the microfinance industry is uncompetitive, regulation is poorly enforced and most of financial institutions are small and underdeveloped. We argue that these differences are partly explained by the approach taken by the authorities. Whereas in Peru microfinance related policies were designed to aid the establishment of sustainable institutions offering a range of financial services, in Mexico they were primarily concerned with the provision of loans

Suggested Citation

  • Pablo Cotler & Giovanna Aguilar, 2011. "The Microfinance Sectors in Peru and in Mexico: Why have they followed different paths?," Working Papers 0311, Universidad Iberoamericana, Department of Economics.
    • Handle: RePEc:uic:wpaper:0311
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    References listed on IDEAS

    as
    1. Pablo Cotler & Deyanira Almazan, 2010. "The Lending Interest Rates in the Microfinance Sector: Searching for its Determinants," Working Papers 0110, Universidad Iberoamericana, Department of Economics.
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    Cited by:

    1. Giovanna Aguilar Andía, 2016. "COMPETENCIA EN EL MERCADO DE MICROCRÉDITOS PERUANO, una medición utilizando el Indicador de Boone," Documentos de Trabajo / Working Papers 2016-417, Departamento de Economía - Pontificia Universidad Católica del Perú.

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