Los Andes
Los Andes is a Peruvian regulated microfinance institution (Caja Rural) founded in 1997, serving 150,000+ customers across 101 offices with 450+ field advisors, focused on financial inclusion of rural, agricultural, women entrepreneur, and micro-business segments through credit, savings, insurance, and money transfer products.
- Company typePrivate
- Founded1997
- HeadquartersPuno, Peru
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
What Los Andes does
Caja Rural de Ahorro y Crédito Los Andes S.A. is a privately held Peruvian microfinance institution founded in 1997 and headquartered in Puno, regulated by the SBS (Superintendencia de Banca, Seguros y AFP) and SMV. The company operates 101 offices nationwide with 450+ field financial advisors and serves more than 150,000 customers, 40% of whom live in rural areas. Its core mission is financial inclusion of underserved and rural populations, with a dedicated focus on agricultural communities, women entrepreneurs, micro and small businesses (PYME), and informal workers.
The product portfolio spans 11 credit products (Agropecuario, PYME, Grupal, Personal, Construcción, Mujer Luchadora, Awa, Estacional, Tu Credi Chamba, Compra Deuda, Contradepósito), 7 savings products (Depósito a Plazo Fijo, DPF Incrementable, Ahorro Normal, Ahorro Grupo Solidario, Cuenta CTS, Cuenta de Ahorro Digital, Ahorro Meta), 5 insurance products (Desgravamen, Multiriesgo, Microseguro de Vida, SOAT, Oncológico), and the Andi Giros money transfer service. Technology delivery is anchored by APP Los Andes (Android, digital account opening, transfers, wallet), Internet Banking (Banca por Internet), and a WhatsApp Business channel. The group lending methodology (Crédito Grupal) with progressive cycle-based limits and solidarity guarantees is a distinctive operational framework built around 8+ member community groups.
The revenue model is interest-income-driven from a diversified credit portfolio (S/300 to S/300,000 per loan), supplemented by deposit spread income, insurance distribution commissions earned on policies underwritten by Protecta Security, Chubb, and La Positiva, and fee income from money transfers and third-party payment processing. Go-to-market is field-led via 450+ financial advisors into rural communities, supplemented by a branch-first physical model, a referral program (Recomienda y Gana), and promotional campaigns (Cuotas Chiquitas, Súper Tasa). Loan repayments are accepted via BCP, Yape, KasNet, Banco de la Nación, and the Los Andes app, with a S/2.50 commission on BCP payments introduced from August 1.
Los Andes firmographics
Firmographics- Name
- Los Andes
- Legal name
- Caja Rural de Ahorro y Crédito Los Andes S.A.
- Website
- https://losandes.pe
- Company type
- Private
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Los Andes is a Peruvian regulated microfinance institution (Caja Rural) founded in 1997, serving 150,000+ customers across 101 offices with 450+ field advisors, focused on financial inclusion of rural, agricultural, women entrepreneur, and micro-business segments through credit, savings, insurance, and money transfer products.
- Ownership category
- akta.pro rank
Los Andes industry classification
Industry- Product category
- Rural Microfinance
- SIC
- Savings Institutions, Not Federally Chartered (6036)
- akta.pro primary industry
- Loan Origination Platforms (LOS) & Digital Application Journeys (FSAGAHAA)
Keywords
Where Los Andes is headquartered
LocationHeadquarters
- HQ city
- Puno
- HQ country
- Peru
- HQ region
- Latin America
Offices12 records
Markets served
Los Andes business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Interest Income from Credit Portfolio: Core revenue is generated from interest charged on the diverse loan portfolio including agropecuario, PYME, personal, grupal, estacional, construction, and mujer luchadora credits. Interest rates vary by product and are disclosed in the published active rates tariff. Loan disbursements range from S/300 to S/300,000 depending on product and credit evaluation.
- Interest Expense on Deposits / Spread Income: Revenue generated from the spread between interest earned on the loan portfolio and interest paid on deposit products (fixed deposits, savings accounts, CTS). Deposits include fixed-term deposits in soles and USD, normal savings, group solidarity savings, and CTS accounts. Deposits are protected by the Fondo de Seguro de Depósitos.
- Insurance Distribution Commission: Los Andes acts as a distribution channel for insurance products (desgravamen, multiriesgo, microseguro de vida, SOAT, oncological insurance) underwritten by third-party insurers (Protecta Security, Chubb, La Positiva). Commissions are earned on each policy sold.
- Fee Income (Giros and Service Charges): Fees collected for money transfer services (Andi Giros), commission on loan repayments processed via third-party channels (BCP, KasNet, Banco de la Nación), and miscellaneous service charges such as certificate issuance and early withdrawal penalties on fixed deposits.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Fixed Deposit (Depósito a Plazo Fijo) - National campaign rates |
| Transaction based/ take rate | Monthly | Crédito Grupal - Progressive cycle-based limits |
| Transaction based/ take rate | Monthly | Crédito Personal - Up to S/30,000, up to 60 months |
| Transaction based/ take rate | Monthly | Crédito PYME - Flexible micro-enterprise financing |
| Transaction based/ take rate | Monthly | Crédito Mujer Luchadora - Women entrepreneurs loan |
| Transaction based/ take rate | Monthly | Crédito Awa - Water and sanitation financing |
| Subscription | Monthly | Seguro Desgravamen (Credit Life) - Linked to loan |
| One time/ perpetual license | Annual | SOAT (Mandatory Traffic Accident Insurance) |
| Subscription | Annual | Seguro Oncológico (Cancer Insurance) |
Go-to-market motion4 records
Distribution channels6 records
Marketing channels8 records
Los Andes product offering
Product offeringCore offering
Los Andes is a Peruvian microfinance institution (Caja Rural de Ahorro y Crédito Los Andes S.A.) that delivers credit, savings, insurance, and money transfer services to rural and underserved communities across Peru. The company operates 101 branch offices supported by 450+ field-based financial advisors who serve 150,000+ customers, of whom 40% are located in rural areas. It is regulated by the Superintendencia de Banca y Seguros (SBS) and has 28+ years of operating experience.
Product overview
Los Andes is a Caja Rural de Ahorro y Crédito (Rural Credit and Savings Fund) operating as a comprehensive microfinance institution in Peru. The product portfolio spans three core categories: Credit products (11 types including agropecuario, PYME, personal, group lending, and specialized products like Mujer Luchadora and Awa), Savings products (7 types including time deposits, regular savings, CTS, and digital accounts), and Insurance products (5 types including life, multi-risk, and auto insurance). The company operates 101 offices nationwide with a focus on rural and agricultural communities. Digital services are delivered through the APP Los Andes mobile application for Android, enabling account management, transfers, and digital wallet functionality. The ecosystem is supported by multiple payment channels including Yape, BCP, Banco de la Nación, and KasNet, allowing customers to pay credit installments through various third-party platforms.
Differentiator
Problem solved
Functional benefit
Brands
- Andi Giros: Money transfer service for sending and receiving money across the country
- Crédito Awa
- Crédito Mujer Luchadora
- Tu Credi Chamba
- Ahorro Grupo Solidario
Products and services
- Credit Services Loans and credit products extended to micro-entrepreneurs, small farmers, and rural households in Peru, using group lending and field-based underwriting methodologies suited to customers without formal collateral.
- Savings Accounts Deposit and savings products offered to individuals, micro-entrepreneurs, and small businesses in rural and semi-urban Peru through 101 branch offices.
- Insurance Products Insurance products distributed to rural and underserved communities in Peru, including crop and life-related coverage aligned with the risk profile of agricultural and micro-enterprise customers.
- Money Transfer Services Domestic and cross-border money transfer services enabling rural Peruvians to send and receive remittances through the Los Andes branch and digital network.
Quantifiable outcome
- More than 150,000 customers served with 40% in rural areas, demonstrating financial inclusion reach.
- +2 more outcomes
Companies that use Los Andes
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles3 records
Los Andes technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature4 records
Los Andes partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core, major and minor.
- Protecta Security S.A.coreProtecta Security S.A. is the underwriter for Los Andes' Seguro de Desgravamen (credit life insurance) and Microseguro de Vida (life microinsurance) products. The partnership enables Los Andes to offer death, disability, and survival benefits linked to credit products. Los Andes distributes these insurance products to its credit clients as an add-on or mandatory coverage.
- Chubb Seguros (CHUBB SEGUROS)coreChubb Seguros is the underwriter for Los Andes' Seguro Multiriesgo (multi-risk property insurance covering fire, earthquake, theft, etc.) and Seguro Oncológico (cancer insurance). Los Andes acts as a distribution channel, offering these insurance products to its PYME and general customer base. Chubb handles claims processing and customer service for these products.
- La Positiva Seguros y ReaseguroscoreLa Positiva is the underwriter for Los Andes' SOAT (Seguro Obligatorio de Accidentes de Tránsito), the mandatory vehicle accident insurance required by law for all motor vehicles in Peru. Los Andes distributes SOAT through its branch network, leveraging its wide geographic coverage to serve vehicle owners nationwide.
- BCP (Banco de Crédito del Perú)majorBCP is a key third-party payment channel for Los Andes customers to make loan repayments. Customers can pay their Los Andes credit installments via BCP's app, web banking, agents, and counter branches using their DNI number. A commission of S/2.50 applies to BCP payments since August 2024.
- Yape (BBVA Continental)majorYape, Peru's leading mobile payment app by BBVA Continental (BCP Group), enables Los Andes customers to make credit payments directly from their Yape app. This integration simplifies the repayment process for customers who already use Yape for daily transactions.
- Agente Multibanco KasNetminorKasNet is a network of banking agents (agentes multibanco) that enables Los Andes customers to make loan repayments using their DNI number. KasNet provides an alternative physical channel for customers in areas where bank branches are not accessible.
- Banco de la NaciónminorBanco de la Nación (National Bank of Peru) serves as a payment channel for Los Andes loan installments. Customers can make repayments at any Banco de la Nación branch nationwide at no commission cost, increasing accessibility especially in areas with limited banking infrastructure.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
Los Andes competitors and assessment
Company assessmentDirect peers
- Caja Cusco: Caja Municipal de Ahorro y Crédito de Cusco is a Peruvian microfinance institution serving rural and underserved southern regions with credit, savings, and deposit products. Directly comparable to Los Andes in operating model, regulatory status (SBS-supervised), and customer segment focus on rural Andean populations.
- Caja Arequipa: Caja Municipal de Ahorro y Crédito de Arequipa is one of Peru's largest municipal microfinance institutions, serving SMEs and individuals across southern Peru. Comparable to Los Andes in product breadth (credits, savings, insurance), regulated status, and rural Andean focus, but with a broader urban commercial presence.
- Caja Sullana: Caja Sullana is a Peruvian microfinance institution serving rural northern Peru with credits, savings, and money transfer services. Directly comparable to Los Andes in microfinance model, rural focus, and SBS-supervised regulated status.
- Caja Piura: Caja Municipal de Ahorro y Crédito de Piura operates in northern Peru with a similar credit, savings, and remittance product set targeting rural and SME customers. Comparable to Los Andes in regulated microfinance model and rural distribution strategy.
- Caja Huancayo: Caja Huancayo is a Peruvian municipal savings and credit institution serving central Andean regions with credits, deposits, and money transfer services. Directly comparable to Los Andes in microfinance positioning, regulated status, and customer segments focused on rural and small-business borrowers.
- Mibanco (Peru): Mibanco is Peru's largest microfinance institution, part of the BCP/BBVA group ecosystem, offering credits, savings, and insurance to micro-entrepreneurs nationwide. Comparable to Los Andes in product categories and target customer, but materially larger in scale and backed by a major commercial banking group.
- Financiera Confianza: Financiera Confianza is a Peruvian regulated microfinance institution serving rural and SME customers with credits, savings, and rural banking services. Directly comparable to Los Andes in regulatory status (SBS-supervised), rural Andean and Amazonian customer focus, and product breadth.
Broad incumbents
- Banco de Crédito del Perú (BCP): BCP is Peru's largest commercial bank and a key payment channel partner for Los Andes. Overlaps with Los Andes in offering credits, deposits, and transfers, but operates broadly across all customer segments and geographies rather than specializing in rural microfinance.
Regional players
- Compartamos Banco (Mexico): Compartamos is a leading Mexican microfinance institution serving low-income and rural entrepreneurs with group lending and individual credits. Comparable to Los Andes in solidarity group methodology, microcredit focus, and financial inclusion mission, but operates in Mexico rather than Peru.
- Banco Compartamos Colombia (Bancamía): Bancamía is a Colombian microfinance bank targeting low-income entrepreneurs with group lending and individual credits. Comparable to Los Andes in microfinance methodology and customer base, but operates in Colombia and is affiliated with the Compartamos group.
Market position
Strengths5 records
Weaknesses7 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Los Andes social profiles
Digital presenceLos Andes financial estimates
Financial estimateRevenue estimate
Valuation estimate
Los Andes leadership team
Management profileNumber of profiles
Los Andes funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Los Andes M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Los Andes
What does Los Andes do?
Los Andes is a Peruvian microfinance institution (Caja Rural de Ahorro y Crédito Los Andes S.A.) that delivers credit, savings, insurance, and money transfer services to rural and underserved communities across Peru. The company operates 101 branch offices supported by 450+ field-based financial advisors who serve 150,000+ customers, of whom 40% are located in rural areas. It is regulated by the Superintendencia de Banca y Seguros (SBS) and has 28+ years of operating experience.
Is Los Andes a public or private company?
Los Andes is a private company. It is classified as venture growth investor backed and is currently operating.
When was Los Andes founded?
Los Andes was founded in 1997. It employs 501 to 1,000 people.
Where is Los Andes based?
Los Andes is headquartered in Puno, Peru, in the Latin America region.
How does Los Andes make money?
Four revenue lines are on record. Interest Income from Credit Portfolio is the primary driver. The others are interest Expense on Deposits / Spread Income, insurance Distribution Commission and fee Income (Giros and Service Charges).
Who are Los Andes's main competitors?
Direct peers on record are Caja Cusco, Caja Arequipa, Caja Sullana, Caja Piura, Caja Huancayo, Mibanco (Peru) and Financiera Confianza. Banco de Crédito del Perú (BCP) is listed as a broad incumbent. Regional players are Compartamos Banco (Mexico) and Banco Compartamos Colombia (Bancamía).
Does Los Andes have an API?
No public API is recorded for Los Andes.
What industry is Los Andes in?
Los Andes's product category is Rural Microfinance. Its primary akta.pro industry code is FSAGAHAA, Loan Origination Platforms (LOS) & Digital Application Journeys. Its SIC code is 6036.