Acceso Crediticio

Debt : October 2016

ACR is a Peruvian EDPYME (“Entidad de Desarrollo de la Pequena y Mediana Empresa”) specialized in providing loans to base of the pyramid entrepreneurs working in the transportation industry to finance the acquisition of vehicles.

Amount

€ 8,521,516.83

Type of investment

Debt

Development impacts

  • Local economic growth
  • Private sector consolidation/innovation

Beneficiary locations

Latin America and Caribbean: Peru

Investment field

Financial Institutions

Activity

Microfinance

Organisation

Acceso Crediticio

Domicile

Peru

ACR is a niche player, specialized in financing NGV (natural gas) and LPG (liquefied petroleum gas) powered vehicles to micro entrepreneurs working as independent taxi drivers, as an alternative to impulse the use of cleaner energies.

Lima is one of the most polluted cities in Latin America, and 70% of the pollution is caused by quality of the fuels. The use of natural gas reduces at least by half the pollution caused by vehicles and ACR is contributing to this end by financing only vehicles powered with natural gas, which is a local resource.

ACR´s business model is unique and targets mainly informal micro entrepreneurs/taxi drivers’ working in the poorest urban areas of Lima. ACR serves a market segment neglected by the traditional financial institutions that consider ACR´s market niche risky and informal; consequently it plays a key role in providing financial access to non bancarized clients (which represents 50% of its clients).

Development impacts

  • Local economic growth

    The primary goal of this project is to provide access to credit to micro entrepreneurs working in the transportation sector. ACR is an EDPYME specialized in this market niche offering financing for the acquisition of vehicles, which are their livelihoods (taxi drivers, motorcycle messengers).

  • Private sector consolidation/innovation

    In this dimension ACR also scores well, considering that it proposes innovative products and services not offered by other institutions. ACR is the sole financial institution in Peru, specialized in credit for taxi drivers and leader in this market niche. ACR permits the expansion of financial services to clients that are marginalized by the traditional financial system.

View more of our investments in this region

T&T Fruits

Enterprises

T&T Fruits

  7,548.63

  Peru

  15/06/2021

  Subsidy

Local Currency Microfinance Fund II

Investment Companies & Funds

Local Currency Microfinance Fund II

  3,031,680.00

  Bolivia, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru

  11/11/2013

  Equity

Local Currency Microfinance Fund II

Investment Companies & Funds

Local Currency Microfinance Fund II

  725,111.00

  Bolivia, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru

  05/06/2014

  Debt

The Currency Exchange Fund n.v.

Financial Institutions

The Currency Exchange Fund n.v.

  7,091,000.00

  Bangladesh, Cambodia, India, Indonesia, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Vietnam, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, Syria, Tunisia, Palestinian Territories, Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia

  05/09/2007

  Equity

Latam Growth Fund Ltd.

Investment Companies & Funds

Latam Growth Fund Ltd.

  3,665,000.00

  Colombia, Peru

  27/05/2008

  Equity

TransAndean Early Stage Equity Fund LLC.

Investment Companies & Funds

TransAndean Early Stage Equity Fund LLC.

  3,752,000.00

  Bolivia, Brazil, Colombia, Peru

  09/06/2003

  Equity

AgRIF Coöperatief U.A.

Investment Companies & Funds

AgRIF Coöperatief U.A.

  105,000.00

  Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal

  11/09/2018

  Subsidy

AgRIF Coöperatief U.A.

Investment Companies & Funds

AgRIF Coöperatief U.A.

  5,438,332.50

  Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal

  18/06/2015

  Equity

Local Currency Microfinance Fund II

Investment Companies & Funds

Local Currency Microfinance Fund II

  113,688.00

  Bolivia, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru

  25/06/2014

  Subsidy

Local Currency Microfinance Fund II

Investment Companies & Funds

Local Currency Microfinance Fund II

  143,535.00

  Bolivia, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru

  28/01/2019

  Subsidy

Darby Latin American Private Debt Fund III

Investment Companies & Funds

Darby Latin American Private Debt Fund III

  8,570,582.00

  Brazil, Colombia, Dominican Republic, Ecuador, Peru

  01/08/2018

  Equity

Fairtrade Access Fund

Investment Companies & Funds

Fairtrade Access Fund

  350,000.00

  Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda

  07/04/2020

  Subsidy

EcoEnterprises Partners III

Investment Companies & Funds

EcoEnterprises Partners III

  6,208,300.00

  Bolivia, Brazil, Colombia, Ecuador, Guatemala, Nicaragua, Paraguay, Peru

  22/05/2019

  Equity

Fairtrade Access Fund

Investment Companies & Funds

Fairtrade Access Fund

  3,000,000.00

  Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda

  24/10/2019

  Equity

Cooperativo Pacifico

Financial Institutions

Cooperativo Pacifico

  9,185,000.00

  Peru

  30/10/2017

  Debt