Federación Peruana de Cajas Municipales de Ahorro y Crédito

What Federación Peruana de Cajas Municipales de Ahorro y Crédito does

FEPCMAC (Federación Peruana de Cajas Municipales de Ahorro y Crédito) is a private federation established on June 5, 1986 by Decreto Supremo N° 191-86-EF, governed under D.S. N° 157-90-EF, that represents and coordinates 10 Municipal Savings and Credit Banks (CMACs) operating across Peru: Caja Arequipa, Caja Cusco, Caja Del Santa, Caja Huancayo, Caja Ica, Caja Maynas, Caja Paita, Caja Piura, Caja Tacna, and Caja Trujillo. Headquartered in San Isidro, Lima with 11-50 employees, it functions as a guild/association body rather than a direct lender, generating revenue through member contributions and service fees for shared institutional services. The federation does not sell consumer-facing products itself; instead, it aggregates demand across the CMAC system for regulatory advocacy, technical assistance, training, corporate governance support, and specialized consulting, which individual CMACs could not efficiently procure alone. Its primary B2B 'customers' are the 10 member CMACs themselves, while the ultimate beneficiaries of CMAC services are micro and small entrepreneurs (Mypes), small traders and producers, and unbanked/underbanked populations — segments typically excluded from formal commercial banking in Peru's provinces and Amazonian regions.

The federation operates several proprietary technology platforms serving the CMAC system: ORCMAC (Reporte Estándar de Riesgos Operacionales) is a standardized operational risk reporting tool used by member CMACs; Tu Caja Te Cuenta is a free financial education platform offering Personal Finance and Green Finance learning paths for users aged 6+; CMAC en Cifras is a Power BI dashboard aggregating system-wide statistics and performance indicators; and the underlying CMAC Statistics Database supports statistical/financial reporting and forecasting using the CAMEL solvency model with monthly, quarterly, and semi-annual cadences. Complementary service departments — Technical Advisory (DAT), Microfinance Training (DCM), Corporate Governance and Internal Control (DGC), and Communications & Media — collectively deliver in-situ and virtual advisory, executive programs, workshops, and joint consulting contracting to member CMACs.

FEPCMAC's business model rests on fee-based professional services and member contributions: joint contracting of specialized consultancy services funded by participating CMACs, supported by the federation's economic, financial, and administrative autonomy. Its go-to-market is community-led at the federation tier (regulatory representation, alliance-building with multilateral and bilateral partners such as BID Invest, The Nature Conservancy, Rainforest Alliance, DID-Desjardins, USIL, and Protiviti) and sales-led at the member-CMAC tier, where each CMAC runs its own direct branch network reaching SMBs and consumers nationwide. Distribution is increasingly digital — exemplified by the 2025 Bitel/BiPay mobile-payment partnership with Caja Tacna — and anchored by an extensive content-marketing presence (bimonthly 'El Microfinanciero' magazine, institutional book and brochure in Spanish and English, social media, and event programming).

Name

Federación Peruana de Cajas Municipales de Ahorro y Crédito

Legal name

Federación Peruana de Cajas Municipales de Ahorro y Crédito

Website

https://fpcmac.org.pe

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

11–50 employees

Short description

FEPCMAC is a private federation, founded in 1986, that represents Peru's 10 Municipal Savings and Credit Banks (CMACs), providing shared technical advisory, training, corporate governance, operational risk reporting (ORCMAC), and financial education services to its member institutions serving Mypes and unbanked populations nationwide.

Ownership category

akta.pro rank

Product category

Microfinance Federation Services

NAICS

Depository Credit Intermediation (5221)

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Public Sector Retail Banks (State-Owned Commercial Banks) (FSABAKAL)

Keywords

• Microfinance federation services
• Municipal savings banks
• Financial inclusion advocacy
• Microcredit coordination
• Member institution representation

Headquarters

HQ city

Lima

HQ country

Peru

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Member Contributions and Service Fees: FEPCMAC generates revenue through fees and contributions from its 10 member CMACs for shared services including technical assistance, training, corporate governance support, regulatory coordination, and corporate consulting services. The federation also manages joint contracting of specialized consultancy services funded by participating member CMACs.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

FEPCMAC is a federation that represents and coordinates Peru's 10 Municipal Savings and Credit Banks (CMACs), delivering shared services including technical and financial advisory, regulatory representation before the SBS and international bodies, training programs, corporate governance support, business intelligence and solvency monitoring using the CAMEL model, and shared technology platforms (ORCMAC, Tu Caja Te Cuenta). It does not lend or take deposits directly; rather, it enables its member CMACs to serve micro, small, and medium enterprises and unbanked populations across Peru's regions through economies of scale, joint projects, and centralized infrastructure.

Product overview

FEPCMAC operates as a federation representing 10 Municipal Savings and Credit Boxes (CMAC) in Peru, functioning as a service and coordination platform rather than a single product. The core service infrastructure includes the ORCMAC platform for operational risk reporting and the Tu Caja Te Cuenta financial education platform. Supplementary offerings encompass institutional publications (El Microfinanciero magazine, institutional book), the CMAC en Cifras analytics dashboard, and specialized departments providing technical advisory, training, and corporate governance services to member institutions. The organization does not develop consumer-facing products but rather provides B2B services to its member municipal financial institutions.

Differentiator

Problem solved

Functional benefit

Brands

• El Microfinanciero: A bimonthly magazine published by FEPCMAC covering microfinance sector news, reports, and opinion columns
• Tu Caja Te Cuenta
• ORCMAC

Products and services

• Tu Caja Te Cuenta (TCTC) A free financial education platform offering two learning pathways (Personal Finance and Green Finance) targeted at users aged 6 and older across Peru, supporting financial literacy for the CMAC system's customer base.
• ORCMAC (Reporte Estándar de Riesgos Operacionales) A private application platform for the CMAC system providing standardized operational risk reporting, enabling member municipal savings and credit banks to monitor and report operational risks within the federation.
• Technical Advisory Services (DAT) Professional technical and financial advisory services (both on-site and virtual) provided to member CMACs, covering risk management, financial management, and business intelligence support.
• Microfinance Training Department (DCM) Training services unit organizing capacity-building events for CMAC staff, including analysis forums, senior management programs (PAD), managerial update programs, microfinance workshops, service formation programs, and dual training environments in areas such as risk management, corporate governance, and cybersecurity.
• Corporate Governance and Internal Control System (DGC) Services related to Corporate Governance and Internal Control System (SCI) for member CMACs, including MYPE association selection for board representation, manager nomination opinions, corporate service contracting, and SCI implementation support.
• CMAC en Cifras (Power BI Dashboard) An interactive data dashboard aggregating statistics and performance indicators from the Municipal Savings and Credit Bank System, allowing visualization of achievements and system performance metrics.
• El Microfinanciero Magazine A bimonthly institutional magazine published by FEPCMAC covering news, reports, and opinion columns related to microfinance in Peru, distributed free of charge to senior management of microfinance companies, regulated financial companies, Congress representatives, and various affiliated institutions.

Quantifiable outcome

• 40 years of continuous operation supporting Peru's microfinance system since 1986
• +3 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core, flagship and minor.

• Protiviti Member Firm PerúcoreImplementation/ SI/ Consulting Partner · 28 May 2025FEPCMAC signed a strategic alliance with Protiviti Member Firm Perú to identify common needs among Municipal Savings and Credit Banks and channel a portfolio of comprehensive solutions including specialized consulting, training programs, certifications, and other services for institutional strengthening. The partnership addresses regulatory and policy changes impacting the microfinance sector, requiring adequate technical knowledge in technology, digital transformation, business processes, risk analysis, compliance, transactions, and internal auditing.
• The Nature Conservancy (TNC)coreStrategic or Co-development Partner · 25 May 2025FEPCMAC and The Nature Conservancy signed a Framework Agreement for Interinstitutional Cooperation aimed at promoting sustainability, biodiversity conservation, and strengthening sustainable investments in the Peruvian Amazon. The agreement covers joint activities in sustainable natural resource management, ecosystem services, and biological diversity conservation in Amazonian regions including Amazonas, Loreto, San Martín, Ucayali, Madre de Dios, Huánuco, and Pasco. Actions include promoting low-carbon sustainable investments, technical capacity building, and designing climate adaptation and mitigation strategies.
• Rainforest AlliancecoreStrategic or Co-development Partner · 20 May 2025FEPCMAC and Rainforest Alliance signed a Framework Agreement to promote sustainable development, financial inclusion, and access to green financing for small producers and entrepreneurs in the Peruvian Amazon. Key axes include green financial product development, inclusive financial education, and sustainable investment promotion in Amazonian territories. The partnership involves experience exchange, technical assistance, and joint initiatives related to climate adaptation, sustainable agriculture, and financial access for small producers, native communities, and vulnerable populations.
• Universidad San Ignacio de Loyola (USIL)coreStrategic or Co-development Partner · 29 April 2025FEPCMAC and USIL's Graduate School formed a strategic alliance to strengthen cybersecurity, operational continuity, and risk management capabilities across the CMAC system. A specialized cybersecurity training workshop was delivered to Information Security, Cybersecurity, and Business Continuity Officers from member CMACs at USIL's Finance, Coding & AI Lab (FIC-Lab), covering topics including international standards, data governance, operational resilience, secure innovation, financial cybersecurity, personal data protection, financial innovation, advanced analytics, and digital security. The initiative was backed by GARP, CAIA, and CFA Institute.
• Desarrollo Internacional Desjardins (DID)coreStrategic or Co-development PartnerFEPCMAC and DID signed a Memorandum of Understanding for collaboration under the 'Ellas+ Resilientes' project, promoting climate change adaptation, financial inclusion, and economic empowerment of vulnerable populations in the Peruvian Amazon. Actions focus on: (1) strengthening CMAC capacities in environmental and social management, (2) expanding access to adapted financial products for women and Awajún youth, and (3) promoting innovative mixed climate financing mechanisms with a territorial approach. Benefits include financial tools adapted to rural Amazonian contexts, promoting female leadership, financial education, and producer association strengthening.
• Superintendencia de Banca, Seguros y AFP (SBS)flagshipOthersSBS is the regulatory, supervision, and control authority for financial entities including CMACs. FEPCMAC maintains continuous communication with SBS for regulatory matters, coordinate initiatives, and ensure compliance. CMACs are also supervised by the Contraloría General de República and participate in the Deposit Insurance Fund (FSD).
• COFIDEminorOthersCOFIDE (Corporación Financiera de Desarrollo) is Peru's development finance corporation and a shareholder representative in CMAC boards (one board seat). Listed as a partner in FEPCMAC's links of interest.
• Banco Central de Reserva del Perú (BCRP)coreOthersPeru's central bank, listed as a key link of interest. FEPCMAC monitors BCRP economic variables and coordinates on financial sector policies affecting the CMAC system.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Others

• COFIDE (Corporación Financiera de Desarrollo): Peruvian state development bank, currently a shareholder representative in CMAC boards. Comparable as an ecosystem participant linking the CMAC system to broader Peruvian financial-sector and development-finance policy — a key counterpart rather than direct competitor to FEPCMAC.
• BID Invest: Private-sector arm of the Inter-American Development Bank Group and proposed minority investor in Caja Cusco. Comparable as a major institutional counterparty whose capital, governance standards, and technical assistance shape the CMAC system's evolution — a partner and capital allocator rather than a direct peer.

Broad incumbents

• World Council of Credit Unions (WOCCU): Global trade association and federation for credit unions and cooperative financial institutions worldwide. Comparable as a higher-tier umbrella federation providing advocacy, technical assistance, training, and risk frameworks to member cooperative deposit-taking institutions, analogous to FEPCMAC's role for CMACs.

Regional players

• CECA (Confederación Española de Cajas de Ahorros): Spanish confederation of savings banks (cajas de ahorros), historically founded on municipal and provincial governance. Strongly comparable institutional analog: a federation of regionally-rooted, savings-focused financial institutions with similar decentralized governance and member-services mandate.
• DGRV (Deutscher Genossenschafts- und Raiffeisenverband): German cooperative and Raiffeisen confederation coordinating cooperative banks. Comparable as a federation supporting member-owned, locally-rooted cooperative financial institutions through training, auditing, and shared services — analogous to FEPCMAC's coordination function.
• FEDEBCRÉDITO (Federación de Cajas de Crédito y Bancos de los Trabajadores): Salvadoran federation of worker credit unions and savings banks. Comparable as a Latin American federation of savings/credit institutions performing advocacy, technical assistance, and shared services for member cooperative financial institutions.
• Crédit Mutuel (Confédération Nationale du Crédit Mutuel): French cooperative banking confederation. Comparable as a federated model coordinating regional cooperative banks with shared technical, regulatory, and risk-management services — directly analogous to FEPCMAC's role over Peru's CMAC network.

Direct peers

• Red de Instituciones Financieras de Desarrollo (RedFinanciera): Peruvian network of development finance institutions including NGOs and cooperatives focused on microfinance. Comparable as a parallel federation coordinating microfinance institutions in Peru, with overlapping member mission around financial inclusion and Mype lending.
• ASBANC (Asociación de Bancos del Perú): The Peruvian banking association representing commercial banks. Comparable to FEPCMAC as a national-level federation performing regulatory representation, statistical reporting, training coordination, and collective advocacy for its member financial institutions in Peru.

Emerging players

• PROFIN (Programa para el Fortalecimiento de las Finanzas): Peruvian microfinance capacity-building initiative working with institutions including CMACs. Comparable as a Peru-based entity providing technical assistance, training, and institutional strengthening to microfinance institutions — overlapping mission with FEPCMAC's advisory services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/FEPCMAC
• Facebookfacebook.com/FEPCMAC
• LinkedInlinkedin.com/company/fepcmac
• Instagraminstagram.com/fepcmac

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Federación Peruana de Cajas Municipales de Ahorro y Crédito