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Mibanco

Can Peru's largest microfinance bank modernise its core technology stack fast enough to deepen financial inclusion for micro and small enterprises across Latin America while defending against digital-native challengers?

HQLima, Peru
IndustryBank / Sponsor
The story

Mibanco – Banco de la Microempresa S.A. is Peru's largest microfinance bank and Latin America's largest microfinance lender, operating under the Credicorp group (which also owns BCP). It serves over 1.9 million active customers with a focus on micro and small enterprise credit. In 2022, it significantly upgraded its credit decisioning infrastructure using FICO Platform. In 2026, it announced a major core banking modernisation initiative with Temenos SaaS, signalling a shift from legacy infrastructure toward cloud-native operations to accelerate product launches and digital experiences.

Last 12 months
2026-02
2024-11
Product timeline
2021
Launched new version of App Mibanco Móvil with digital banking features for retail and SMB customers.· banking
2022
Mibanco adopted the FICO Platform Decisions Capability, reducing policy-to-production time by 90% and cutting annual IT development spend by 20%, enabling expanded microlending during the pandemic.· lending
2026
Selected Temenos SaaS (Temenos Core + Temenos Data Hub) to replace legacy core banking systems as part of a digital transformation programme.· banking
Regulated entities
Commercial Bank Charter
Peru
Mibanco – Banco de la Microempresa S.A.
Commercial Bank Charter
Colombia
Mibanco Colombia
The stack
Lending
Capital de Trabajo (Working Capital Loan) – PeruCupo de Crédito (Revolving Credit Line) – ColombiaMicroenterprise term loans – PeruSMB loans up to COP 500,000,000 – Colombia
Accounting gap: none