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  • February 2015 (Revised April 2017)
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Edyficar and Mibanco: The Emergence of M&A in Microfinance

By: Michael Chu
  • Format:Print
  • | Language:English
  • | Pages:40
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Abstract

Mibanco, a microfinance icon, is for sale, and Edyficar, owned by Banco del Credito (BCP), Peru's largest bank, is evaluating its acquisition. Until recently, such a transaction would have been fanciful given Mibanco's preeminent role in Peruvian microfinance, which has made it the country's fifth largest bank. The case examines why Mibanco is on the block, while also relating the evolution of Edyficar and its own acquisition by BCP several years earlier. Percy Urteaga, Edyficar's CEO, and Gianfranco Ferrari, the chair of his board and senior BCP executive, must decide whether to go forward and, if so, at what price.

Keywords

Base Of The Pyramid; Peru; Latin America; Microfinance; Commercial Banking; Mergers and Acquisitions; Banking Industry; Latin America; Peru

Citation

Chu, Michael. "Edyficar and Mibanco: The Emergence of M&A in Microfinance." Harvard Business School Case 315-030, February 2015. (Revised April 2017.)
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About The Author

Michael Chu

General Management
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Related Work

    • February 2015 (Revised April 2017)
    • Faculty Research

    Edyficar and Mibanco: The Emergence of M&A in Microfinance

    By: Michael Chu
Related Work
  • Edyficar and Mibanco: The Emergence of M&A in Microfinance By: Michael Chu
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