Elevar Equity has divested its stake in Caja Rural de Ahorro y Crédito los Andes S.A. to Creation Investments Capital Management, reflecting a strategic exit from a profitable investment in the Peruvian financial services sector.

Target Information

Caja Rural de Ahorro y Crédito Los Andes S.A. is a prominent finance company in Peru, established in 1997 and dedicated to meeting the financial needs of rural communities in the southeast Andean region. Originally acquired by Elevar Equity in conjunction with a local investment group in late 2010, Caja Rural Los Andes has progressively evolved into a profitable deposit-taking institution regulated under Peruvian law. During Elevar’s partnership, the company underwent a significant organizational transformation, emphasizing a cohesive strategy and improved governance to foster growth while centering operations on rural customer engagement.

Under Elevar’s stewardship, Caja Rural Los Andes expanded its offerings to include both credit and savings products tailored for local farmers and producers. The company’s growth trajectory has been remarkable, with the client base expanding to serve over 35,000 borrowers and 21,000 savers, culminating in a loan portfolio totaling approximately $50 million. Today, Caja Rural Los Andes boasts a strong presence on the Peruvian stock exchange and is recognized as a leading community bank with a solid reputation and a distinct focus on serving underserved rural populations.

Industry Overview in Peru

The Peruvian financial services industry has experienced considerable development over the past decade, characterized by increased investment in microfinance and inclusive banking models aimed at improving access to financial services for low-income populations. With a growing economy and increasi