Money in the Bank

On Monday Daniel, Arnaud and I headed to Cusco to talk with an administrator from Mibanco, a Peruvian microfinance bank that provides small loans to micro-entrepreneurs to help them launch or expand their businesses. Though it is obvious that the artisans are not yet able to safely incur debt, even the small amount from a micro-loan, it was a great opportunity to inquire about the general requirements and rules of microcredit in Peru. As we work to generate tourism and income inflows into the market, the opportunity for credit access will stay in the back of our minds.