Actenant in Brazil plays an important role in the Latin American microfinance sector. The bank issues working capital and loans to micro-entrepreneurs and small and mediumsized businesses. Besides this, it offers current accounts, savings, deposit accounts and insurance products to private individuals – many of whom find it difficult to gain support from traditional commercial banks.
In 2014 Actenant’s profit margin fell to under 1% and 12% of its loans to small businesses had not been repaid within one month of the required date; and 61% of its customers had also taken out loans with other banks.
Key Indicators for Actenant at year-end 2013: