responsAbility Fully Exits Financiera Confianza (Latin America)
Source(s): responsAbility Investments
Impact investment fund manager responsAbility Investments has fully exited its minority stake in Peru-based microfinance institution Financiera Confianza to majority shareholder Fundación Microfinanzas BBVA. Confianza provides microcredit and deposit services across 147 branches with a focus on the rural areas of Peru. responsAbility originally invested in Confianza in 2008. Financial details of the transaction were not disclosed.