Ward's Bio Lab 8 Answers

leading microfinance bank

Elizabeth Ventura, president
of Financial Trust

Financial Trust and BBVA Foundation for Microfinance signed a shareholding agreement and integration with the Fund of Rural Our People Credit Union with a view to the creation of a Rural Microfinance Bank experience and leadership in the country.

While the transaction is subject to obtaining the approval of the regulator and supervisor, the objective is to create a microfinance bank to lead rural microfinance, making financial products and services accessible to low-income people who do not normally have access to conventional financial system.

The combined entity will have two player in the microfinance sector, highly complementary, in a company with greater resources and operational scale, capable of serving communities with products and services more efficient and responsive to their needs .

Trust, began operations as Edpyme in the Mantaro Valley, Junín Region for 12 years, then covering new areas and / or regions as Pasco, Huanuco, Ucayali, Huancavelica, Lima and Callao. In September 2009 the company achieved its conversion pointing Financial since its aim to bank.

With the addition of BBVA Foundation for Microfinance important strategic partner, Trust Financial enters a new phase that strengthens the microfinance industry in the country. At this early stage, both entities will maintain its legal identity and brand to the conversion to Bank