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.

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