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(19 Total References)
Fernando Lucano Urioste
Fernando Lucano, Managing ...
Fernando Lucano, Managing Director, Cyrano Management, Peru.
Placing the Global Microfinance Facility's (GMF) senior debt, rated AA by Fitch, with institutional investors.
Loic De Canniere, Managing Director, Incofin, Belgium.
The Rural Impulse Fund: Debt and Equity for Rural Microfinance Institutions.
Fernando Lucano is the President of Cyrano Management and has been the managing director of LA?CIF since 1999.
Microfinance sector continues to grow in ...
Microfinance sector continues to grow in LatAm, according to Fernando Lucano, fund manager at Peru's Cyrano Management, manager of the $265m Global Microfinance Facility fund."In Peru there is more or less $2.5bn of financial market assets invested in microfinance," says Lucano."The size of the Peruvian financial system is between $18bn and $25bn, so there is 10% of assets in microfinance, and that will continue to grow," he adds.The microfinance sector is growing by 30%-40% a year in Peru, Lucano states."There is business for everybody: Investment banking, rating agencies, sophisticated investors," he adds.But the growth and increasing of microfinance calls for a more sophisticated look at the sector, says Lucano, a panelist at a microfinance forum organized by Credit Suisse in New York.
"The IPO improves the image of ...
"The IPO improves the image of microfinance, and since there is a demand and few opportunities for investment in the shares of MFIs, the market will gradually regulate prices," says Fernando Lucano, general manager of Cyrano Management, a specialized fund manager based in Peru.