Caja Municipal de Ahorro y Crédito de Sullana — Cyborg Score 2/10
Challenged
Microfinance
Strategic Profile
The organization's stated objective is to help young people and entrepreneurs gain access to the financial system. The institution demonstrated digital innovation capabilities, registering over 5 million digital operations in 2023 through its Caja Móvil mobile application. However, the company faced severe operational challenges in mid-2024 requiring regulatory intervention.
Cyborg Score Rationale
Caja Sullana was intervened by Peru's financial regulator SBS in July 2024 for deteriorating solvency and failing to meet financial obligations, with the institution having reduced its equity by more than 50% in twelve months. The institution is currently undergoing liquidation following regulatory intervention.
Top Insights
In July 2024, the SBS determined that Caja Piura would assume Caja Sullana's assets, with all clients automatically transferred to the acquiring entity.
The SBS identified internal factors including deficiencies in risk management, credit origination policies, and control systems as contributors to the institution's failure.
The organization had invested over 280,000 soles in cybersecurity in 2024, indicating investment in data protection despite underlying financial problems.
Caja Sullana's website currently shows the institution is in liquidation ("en Liquidación").
Named Competitors
Caja Piura — Regional microfinance provider; acquirer of Caja Sullana in 2024
COPEME — Peruvian non-profit promoting financial inclusion for micro/small businesses
Recent Developments
(July 2024) SBS intervened Caja Sullana due to solvency deterioration and 50%+ equity reduction
(July 2024) Caja Piura assumed all assets of Caja Sullana; all clients transferred automatically
(2024) Institution entered liquidation phase following regulatory intervention
(2023) Recorded over 5 million digital transactions via mobile app
Open the full interactive Caja Municipal de Ahorro y Crédito de Sullana report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.