Caja Municipal de Ahorro y Crédito de Sullana Overview
Pro stress-test →Caja Sullana (CMAC Sullana) began operations in December 1986 and is a financial intermediation institution that extends credit to small and medium enterprises in trade, services, and productive sectors serving low and middle-income populations. The institution offers savings and credit products with a focus on financial inclusion in Peru's underserved regions.
Strategic Profile
Pro stress-test →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.
Competitive Landscape
Pro stress-test →Caja Piura emerged as the primary competitor/acquirer in the Peruvian municipal savings and credit sector, absorbing Caja Sullana's operations and customer base. The Peruvian microfinance sector includes multiple municipal credit unions (CMACs) serving SMEs and low-income populations. Caja Sullana's failure highlights competitive pressures and regulatory challenges in the regional microfinance market.
Industry Context
Caja Municipal de Ahorro y Crédito de Sullana operates in Financial Services / Microfinance.
Key facts
Founded: 1986 · Headquarters: Sullana, Peru · Revenue: S/2,300,000,000 (2024 target)