Acceso Crediticio

Established in 1999, Acceso Crediticio is a financial institution in Peru specialized in providing financing for taxis to lower income customers, and for other productive vehicles such as buses and trucks to MSMEs.

In 2018, taxis accounted for more than half of Acceso Crediticio’s loan portfolio, and almost 80% by the number of outstanding loans. Since 2010, the Institution has only financed the acquisition of liquefied natural gas (LNG) and liquefied petroleum gas (LPG) fuelled taxis in Lima. Through its 21 branches the Institution reaches nearly 14,000 clients many of whom were previously underserved by traditional financial institutions.

Peru is one of the countries in Latin America with the lowest penetration of vehicle use, and there is an insufficient supply of vehicle financing available from the traditional financial system. Through the financing of productive vehicles, Acceso Crediticio supports its clients in their self-employment, and offers them financial inclusion, as 40% of its new clients in 2017-2018 were unbanked.  SIFEM’s investment of USD 10 million in Acceso Crediticio helps to further develop the financial sector beyond the traditional banking sector and to foster low income individuals’ and MSMEs’ access to funding, as well as supports employment generation and financial inclusion.