Financial Services for Paraguay's Informal Workers

Jan 2013
Banco Familiar, S.A.E.C.A. is the third largest bank in Paraguay and focuses on the base of the pyramid (BOP), a segment with whom traditional banks generally do not do business. With 15 years of experience developing ways to analyze creditworthiness, Banco Familiar has designed the first credit scoring system for low-income self-employed workers. Banco Familiar has 58 branches throughout the country, and as of end-2012 had more than 300,000 clients.