Baar-Zug, Switzerland, 20th August 2019
Acceso Crediticio (“Acceso” or “the Company”) was founded in 1999 by experienced Peruvian entrepreneurs to provide innovative financing solutions for individuals and enterprises that are not properly served by the traditional banking system. In addition, the company aims to alleviate the environmental condition of the metropolitan area of Lima – which according to the World Health Organization is one of the most polluted in Latin America – by financing more energy efficient vehicles.
Since 2010, Acceso has specialized in providing loans to self-employed taxi drivers to purchase natural gas vehicles (“NGVs”), and more recently, has diversified into other transport activities, such as financing light utility vehicles for small and medium-sized enterprises (“SMEs”) as well as more energy efficient fleets for bus route operators.
PG Impact Investments’ debt investment will support Acceso Crediticio’s expansion of its existing natural gas vehicle loan portfolio as well as its recently launched consumer lending products.
Urs Baumann, CEO and co-founder of PG Impact Investments, comments: “As the only specialist financial institution providing natural gas vehicle loans to financially underserved Peruvians working in the transport sector, Acceso Crediticio is well positioned to capitalize on a large underpenetrated and underserved market.”
Jose Luis Hidalgo, CEO of Acceso Crediticio, comments: “We are very pleased with the confidence that PG Impact Investments has placed in our project. This facility allows us to continue with our sustainable transport financing strategy, in terms of financial inclusion and green finance promotion. We are convinced that this is the beginning of a very long term relationship.”
About PG Impact Investments
PG Impact Investments was founded in 2015 with the vision that private investment, innovation and entrepreneurial talent can provide solutions to the challenges faced by our society, as well as create sustainable growth. PG Impact Investments is a private sector, mission-driven, global investment firm specializing in investment solutions aimed at delivering financial returns as well as creating a positive social and/or environmental impact. It manages investment strategies for an international clientele of professional investors who are seeking investment solutions that offer market-rate returns, while also helping to address pressing social or environmental challenges. All profits from the business activities of PG Impact Investments are transferred to PG Impact Investments Foundation. The Foundation supports social initiatives and social business ventures that otherwise would not receive funding through commercial investors or investment funds. Whilst being independent from Partners Group, PG Impact Investments entities are backed by Partners Group and its employees, and benefit from the global infrastructure, investment know-how and specialist resources of this leading global private markets investment manager.
About Acceso Crediticio
Founded in 1999, Edpyme Acceso Crediticio SA (“Acceso Crediticio”) is a Peru-based, regulated financial institution providing innovative financing solution to credit-constrained micro and small entrepreneurs. The company currently offers a suite of specialized loan products, within the light-vehicle and heavy-vehicle categories. Headquartered in Lima, the Company has 460 employees and operates through a network of branches across eight regions of Peru.