logo
Caja Cusco Recognized as Best Microfinance Company Peru 2025 in the Global Banking & Finance Awards®

Caja Cusco Recognized as Best Microfinance Company Peru 2025 in the Global Banking & Finance Awards®

Globe and Mail07-04-2025
Caja Municipal de Ahorro y Crédito Cusco S.A. (Caja Cusco) has been awarded Best Microfinance Company Peru 2025 by the Global Banking & Finance Awards®, recognizing its outstanding contributions to financial inclusion, social responsibility, and microfinance growth in Peru. This prestigious accolade underscores Caja Cusco's leadership in the microfinance sector and its commitment to supporting micro and small entrepreneurs, expanding financial access, and driving community empowerment across the country.
With a customer base of over 485,000 credit clients, Caja Cusco continues to strengthen its impact by providing accessible and sustainable financial solutions. The institution's total loan portfolio reached S/ 5,670 million in Q4 2024, demonstrating a 6.1% annual growth rate, while deposits surged to S/ 5,211 million, reflecting a 14.5% year-over-year increase. These achievements reinforce Caja Cusco's stability and dedication to fostering economic growth in Peru.
Beyond financial success, Caja Cusco prioritizes social responsibility by financing low-income individuals and communities, particularly those lacking access to essential services such as drinking water. The institution also plays a key role in supporting Peru's agricultural sector, fostering sustainable development, and strengthening rural economies. A core aspect of its mission is empowering women entrepreneurs, who now represent 51% of its loan portfolio.
Wanda Rich, Editor of Global Banking & Finance Review, commented on the recognition: 'Caja Cusco has distinguished itself as a leader in microfinance, demonstrating outstanding financial performance, a strong expansion strategy, and a deep-rooted commitment to social impact. Its dedication to empowering communities and driving economic progress makes it a deserving winner of the Best Microfinance Company Peru 2025 award.'
Caja Cusco's financial strength further solidifies its position in the industry. In 2024, the institution achieved a net income of PEN 108.77 million (USD 29 million), marking a 105% increase compared to 2023. Additionally, it maintained one of the lowest non-performing loan (NPL) ratios in the sector at 4.76% and achieved an ROE of 15.84%, the highest among its peers.
As Caja Cusco continues to expand its reach and innovate its financial services, it remains dedicated to advancing financial inclusion, strengthening local economies, and fostering long-term economic sustainability throughout Peru.
About Caja Cusco
Caja Municipal de Ahorro y Crédito Cusco S.A. (Caja Cusco) is a leading microfinance institution (MFI) in Peru, regulated by the Superintendencia de Banca, Seguros y AFP (SBS). With 138 branches nationwide, it provides financial solutions tailored to the needs of micro and small entrepreneurs. Caja Cusco focuses on social responsibility, empowering women, supporting rural communities, and driving financial inclusion to create a more prosperous Peru.
About Global Banking & Finance Review
Global Banking & Finance Review is a leading online and print magazine dedicated to covering key financial trends, industry insights, and global banking developments. The Global Banking & Finance Awards® recognize innovation, achievement, strategy, and progressive changes happening within the financial sector worldwide.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

MyCreds® Reaches Majority Adoption across Canada's Public Colleges, Institutes, Universities
MyCreds® Reaches Majority Adoption across Canada's Public Colleges, Institutes, Universities

Cision Canada

time11 minutes ago

  • Cision Canada

MyCreds® Reaches Majority Adoption across Canada's Public Colleges, Institutes, Universities

CALGARY, AB, July 24, 2025 /CNW/ - MyCreds® I MesCertif®, Canada's only sector owned, bilingual, national digital credential network, proudly announces that it has surpassed a major milestone, with 131 publicly funded post-secondary institutions now active on the platform — representing 58% of Canada's publicly funded colleges, universities, and institutes. "As Canada's nonprofit, sector-governed digital credential network, this achievement is a powerful endorsement of the trust, collaboration, and shared vision we hold with our institutional partners," said Jodi Tavares, Executive Director of MyCreds I MesCertif. "Together, we are transforming how learners, employers, and institutions connect through secure, portable, and instantly verifiable digital credentials." The MyCreds platform provides Canadian learners and credential holders with: Secure, bilingual digital and web wallet to carry transcripts, diplomas, certificates, micro-credentials, and badges Instant, paperless sharing with employers, institutions, government, and licensing bodies Confidence that their data is protected under Canadian and provincial privacy and data residency standards For institutions, MyCreds offers a fully auditable, standards-based system to issue, manage, and revoke credentials, improving efficiency, reducing costs, and supporting learner mobility across Canada and internationally. About MyCreds I MesCertif MyCreds is Canada's official digital credentialing network, owned by the Association of Registrars of the Universities and Colleges of Canada (ARUCC). As a nonprofit-led national trust framework, MyCreds empowers institutions, organizations and issuing bodies to deliver secure, portable digital credentials to millions of learners.

Global Military Drone Market Size on a Trajectory Toward $88 Billion as Demand Skyrockets
Global Military Drone Market Size on a Trajectory Toward $88 Billion as Demand Skyrockets

Cision Canada

time2 hours ago

  • Cision Canada

Global Military Drone Market Size on a Trajectory Toward $88 Billion as Demand Skyrockets

NEW YORK, /CNW/ -- The global military drone market is experiencing significant growth, fueled by increased defense spending, technological advancements, and evolving national security priorities. The defense and government drone market, driven by rapid technological advancements and evolving strategic needs, presents significant opportunities for companies that can navigate the complex regulatory environment and meet the demand for advanced and reliable unmanned systems. A report from Grandview Research said: "The global military drone market size was estimated at USD 36.14 billion in 2023 and is projected to reach USD 88.01 billion by 2030, growing at a CAGR of 13.8% from 2024 to 2030. North America holds the largest share of this market, primarily due to the significant investments in drone technology by the U.S. defense sector., Fast track contracts and policies." It continued: "The Pentagon's 'Replicator' program, focused on fast-tracking drone production, is estimated to cost around $500 million per year. The Defense Innovation Unit (DIU) launched the Blue UAS program to rapidly vet and integrate commercial unmanned aerial systems (UAS) for the Department of Defense, recognizing the rapid advancements in commercial drone technology. Recent legislative measures, including executive orders like 'Unleashing American Drone Dominance', aim to prioritize American-made UAVs and streamline the procurement process for NDAA-compliant manufacturers. The new 'Cleared List' under the Blue UAS program leverages third-party verification, drastically reducing approval timelines for compliant manufacturers." Active Companies in the Drone Industry today include ZenaTech, Inc. (NASDAQ: ZENA), AgEagle Aerial Systems Inc. (NYSE: UAVS), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), Draganfly Inc. (NASDAQ: DPRO), L3Harris Technologies (NYSE: LHX). Grandview Research continued with Market trends and drivers: "Growing demand for unmanned systems: UAVs offer numerous advantages, including reduced risk to personnel, persistent surveillance, and versatility in various missions. Technological advancements: Integration of AI and machine learning, miniaturization, improved battery life, and drone swarming technology are driving innovation and expanding drone capabilities., Rising geopolitical tensions and defense budgets: Nations are investing heavily in modernizing their defense capabilities, including unmanned aerial systems (UAS), to address evolving security threats. Shift towards smaller, tactical drones: These drones are ideal for short-range missions and provide real-time situational awareness to ground troops." ZenaTech (NASDAQ: ZENA) ZenaDrone Partners with Eagle Point Funding to Win US Defense Customers - ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a business technology solution provider specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, today announces that its subsidiary ZenaDrone has signed a strategic partnership agreement with Eagle Point Funding, a specialized consultancy for technology and defense-focused companies, to help win US defense contracts. By leveraging Eagle Point's deep expertise in R&D grant program opportunities, the company will gain structured support in identifying and preparing competitive proposals, and in establishing and expanding relationships within key US defense and government agencies. "Our collaboration with Eagle Point Funding will accelerate testing, pilot deployments, and enable long-term procurement discussions—helping ZenaDrone to advance as a key provider of American-made drone solutions," said Shaun Passley, Ph.D., ZenaTech CEO. "Their expertise in navigating federal R&D funding programs such as SBIR and Department of Defense solicitations (DoD BAA), gives us a powerful advantage as we develop next-generation drone technologies aligned with US defense priorities. This partnership enhances our ability to accelerate product development, expand defense agency relationships, and unlock new growth without equity dilution." Eagle Point Funding helps technology companies secure non-dilutive federal R&D grants and contracts from agencies such as the DoD, Air Force, Navy, and others. They specialize in programs such as the Small Business Innovation Research (SBIR), Air Force Works (AFWERX), and the Defense Advanced Research Projects Agency (DARPA), guiding clients through the application process to win contracts. ZenaDrone has previously completed paid trials with the US Air Force and Navy Reserve, demonstrating its ability to deliver solutions including delivery of critical supplies such as blood in the field. The companies' suite of drones for military use includes the ZenaDrone 1000, the IQ Nano and the IQ Square drone that are designed for a variety of applications including inspections, surveillance, reconnaissance, and indoor inventory management for warehouses and armories. Continued… Read this full release and additional news for ZENA by visiting: Other developments in the drone/UAV & Military industries include: AgEagle Aerial Systems Inc. (NYSE: UAVS), a leading provider of advanced drone and aerial imaging solutions, recently announced that its eBee VISION is now Blue UAS certified. This designation comes just a week after the Company's eBee TAC received Blue UAS certification. The Blue UAS certification makes the AgEagle drone eligible for procurement by the U.S. Department of Defense (DoD) and other federal agencies and recognizes the drone as compliant with security and performance standards required by the DoD. "This is very welcome news, and we are so proud that now the eBee VISION joins our eBee TAC on the Blue UAS Cleared list for the Department of Defense," said Bill Irby, CEO of AgEagle Aerial Systems. "This is another pivotal achievement for AgEagle and will allow for fast acquisition and delivery of this much-needed capability into the hands of our Defense community to address swiftly evolving battlefield and security scenarios." Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a technology company in Defense, National Security and Global Markets, recently announced the successful demonstration of an end-to-end 5G-NTN network that combines the Kratos OpenSpace® software-defined satellite ground system with Intelsat's space and ground network, including its cloud-native, virtualized 5G core. This event represents a key milestone towards the seamless extension of terrestrial 5G networks with satellite technology, providing critical validation of satellite's role in the delivery of ubiquitous 5G services. The Third Generation Partnership Program (3GPP) incorporated Non-Terrestrial Networks (NTNs) into its 5G specifications with 3GPP Release 17, paving the way for the seamless extension of 5G services beyond terrestrial limits. Both Kratos and Intelsat are leading the market in 5G-NTN adoption; Kratos is working with key industry partners to develop cloud native 5G-NTN solutions for satellite operators, while Intelsat is focused on building a multi-layer, next-generation software-defined network. Draganfly Inc. (NASDAQ: DPRO), an award-winning developer of drone solutions and systems developer, recently announced the sale of Commander 3XL Unmanned Aerial Vehicle (UAV) systems to a globally recognized defense contractor specializing in persistent surveillance technologies for military operations. A trusted partner to U.S. and allied defense forces for decades, the client is one of the world's leading providers of persistent surveillance platforms. Its systems are deployed across key Department of Defense (DoD) and allied installations, delivering reliable, persistent intelligence, surveillance, and reconnaissance (ISR) capabilities. The Commander 3XL's modular payload architecture, extended endurance, and AI-enabled mission control make it an ideal asset for military-grade surveillance programs. The systems will support perimeter security, early warning, and real-time situational awareness, operating seamlessly alongside and integrated with persistent platforms and ground-based command centers. L3Harris Technologies (NYSE: LHX) recently debuted a pack of launched effects vehicles, demonstrating the company's ability to respond to the U.S. Department of Defense's urgent need for advanced, capable and affordable munitions it can employ across services and domains. Red Wolf™ and Green Wolf™ are the first in L3Harris' expanding family of multi-role vehicles that can easily integrate and launch from air, ground or maritime-based platforms. Red Wolf is a kinetic platform for long-range precision strikes, while Green Wolf is an electronic warfare platform equipped with electronic attack and detect, identify, locate and report capabilities. Both vehicles are flexible, modular and feature advanced software for in-flight collaboration and re-targeting. They also support swarming capability of autonomous aircraft. DISCLAIMER: (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU'S market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.

Tecsys Earns 2025 Great Place To Work® Certification™ Across All Global Operations Français
Tecsys Earns 2025 Great Place To Work® Certification™ Across All Global Operations Français

Cision Canada

time3 hours ago

  • Cision Canada

Tecsys Earns 2025 Great Place To Work® Certification™ Across All Global Operations Français

MONTREAL, July 24, 2025 /CNW/ -- Tecsys Inc. (TSX: TCS), a global leader in supply chain management solutions, is proud to announce that it has been certified by Great Place To Work® across every country in which it operates: Canada, the United States, Denmark and India. This marks the second consecutive year that Tecsys has achieved this prestigious certification, based entirely on direct employee feedback. This year, 92% of Tecsys employees worldwide rated it as a great place to work, surpassing the U.S. Great Place To Work benchmark by 61%. This strong endorsement reflects the company's people-first culture, which is grounded in trust, inclusion and shared purpose. With 78% participation across the organization the results offer a meaningful snapshot of the employee experience at Tecsys. Survey highlights include: 96% felt welcomed when they joined 92% believe people care about each other 92% of employees said they are proud to tell others they work at Tecsys "Creating a great workplace starts with listening and trust. At Tecsys, we take action on what we hear and live our values — earning trust, building each other up, and exploring boldly," said Nancy Cloutier, chief human resources officer at Tecsys. "That 92% of our team members say this is a great place to work is a powerful reflection of the culture we have built together." This strong sense of belonging supports an industry-leading average employee tenure of over nine years, with more than 10% of employees marking 25 years or more at the company. "Great Place To Work Certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience," said Sarah Lewis-Kulin, vice president of Global Recognition at Great Place To Work. She emphasized that Certification is the sole official recognition earned by the real-time feedback of employees regarding their company culture. "By successfully earning this recognition, it is evident that Tecsys stands out as one of the top companies to work for, providing a great workplace environment for its employees." For more information about careers at Tecsys, visit: About Great Place To Work Certification™ Great Place To Work® Certification™ is the most definitive "employer-of-choice" recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place To Work-Certified. About Great Place To Work® As the global authority on workplace culture, Great Place To Work® brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Their proprietary platform and For All™ Model helps companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified™ or receiving recognition on a coveted Best Workplaces™ List. Learn more at and follow Great Place To Work on LinkedIn, Twitter, Facebook and Instagram. About Tecsys Tecsys is a global provider of advanced supply chain solutions. With a commitment to innovation and customer success, the company equips organizations with the essential software, technology and expertise needed for operational excellence and competitive advantage. Its cloud solutions serve a diverse range of industries, including healthcare, distribution and converging commerce, across multiple complex, regulated and high-volume markets. Built on the Itopia® low-code application platform, Tecsys' offerings include enterprise resource planning, warehouse management, consolidated service management, distribution and transportation management, supply management at the point of use and order management solutions. Tecsys provides critical data insights and control across the supply chain, ensuring that organizations are agile, responsive and scalable. Tecsys is publicly traded on the Toronto Stock Exchange under the ticker symbol TCS. For more about Tecsys and its solutions, please visit

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store