Development of Credife operations

1998: Market research

Mayo 1999: CREDIFE is legally established

2003: Break even point is reached

2009: Communal Banking is incorporated into BP Microfinance

2012: BP Microfinance management is unified

Delivery of integral

financial se

rvices

Del

iver

y of

fund

s

Business development

Improvement of their quality Of life

Ackn

owle

dge

oper

ation

, te

chno

logy

and

su

ppor

t cos

ts

CREDIFE BUSINESS MODEL

2

Phases of growth

During the last 3 years, the number of customers have grown an average of 20%. In 2009, their average loan amount start reducing due to a increased growth of customers at the base of the country’s social-economic pyramid.

Dic. 2001 Dic. 2002 Dic. 2003 Dic. 2004 Dic. 2005 Dic. 2006 Dic. 2007 Dic. 2008 Dic. 2009 Dic. 2010 Dic. 2011 Ago. 2012

0

50,000

100,000

150,000

200,000

250,000

-

500

1,000

1,500

2,000

2,500

3,000

3,500 Número de Clientes Crédito promedio

US$

Number of clients Average loan amount

Structure of the Loan Portfolio and Purpose of the Credit operation

Capital de Trabajo

Compra de Maquinaria y Equipos

Consumo

Construcc. y Remodelación Loc.Comerc.

Mejoram. Vivienda

Compra Loc. Comercial.

Refinanc.

70.08%

14.33%

9.10%

4.69%

1.18%

0.46%

0.17%Outstanding Loan Portfolio per Purpose of the Credit Operation

(August 2012, Total: USD 510,2 MM)

Trading and Working Capital variables show the highest figures regarding usage of microfinance funding.

TRADE54%PRODUCTION

32%

SERVICES14%

Structure of the Loan Portfolio per Economic Activity

(August 2012)

Purchase of commercial facilities

Refinancing

Housing Improvement

Constructtion and Remodelling

Consumption

Purchase of machinery and equipment

Working Capital