Concorrência entre instituições microfinanceiras no Peru: Uma medição com o indicador de Boone para o período 2003-2009

Abstract

This paper analyzes the competition between Peruvian microfinance institutions (MFIs) using the Boone indicator, from 2003 to 2009. The findings suggest that microfinance has been developing in a more competitive environment that promotes financial inclusion and the development of efficient institutions. In turn, it places on the authorities’ agenda the responsibility for monitoring and preventing questionable practices in the provision of credit that can lead to over-indebtedness of clients with the deterioration of the loan portfolio of MFIs. For further research, it is suggested to extend the period of analysis and/or to study the relationship between competition, financial results of institutions and the level of indebtedness of customers.