Among the types of financial institutions that operate in Peru, there are municipal savings banks and rural savings banks. If you have wondered which dissimilar ones are both, in this article we indicate the differences between municipal and rural savings banks. What is a municipal box? The municipal savings banks are financial institutions, focused on the attention of sectors of the urban population traditionally not assisted by formal banking. Its main products are loans aimed at microentrepreneurs, in order to underpin the growth of their small businesses. These institutions are regulated by the Superintendence of Banking and Insurance (SBS) and are associated with the DepositRead More →