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Topic / Subtopic:
Housing Microfinance /
Regulation

Year 2024
Country Peru
Variable (Code) Housing Micro Finance (HMF): is regulated as a financial product (MF-1-01)
Methodological note Identifies if there is a Housing Microfinance (HMF) product, regulated as a financial product (including prudential regulation). HMF refers to small loans or credits intended to finance improvements, repairs, or gradual construction of homes for low-income people. They typically have short terms and small amounts. It is not a mortgage loan because it does not have real guarantees/collateral.
Source https://www.sbs.gob.pe/portals/0/jer/pfrpv_normatividad/20160719_res-11356-2008.pdf
Note El MFV no está regulado como producto independiente en el Perú; se clasifica como crédito de consumo o microempresa, sujeto a mayores provisiones y ponderadores de riesgo de capital por no contar con garantía real.
Date 2024