CEFISA was a Paraguayan consumer and small-business lender that rose, faltered under rising bad debts, and ended 2022 in a regulatory dissolution order—a compact cautionary tale from one of Latin America's smallest but fastest-growing financial markets. Full nameCrisol y Encarnación Financiera S.A.E.C.A. (CEFISA) Ticker / exchangeCEF — Bolsa de Valores de Asunción (BVA) HeadquartersAsunción, Paraguay (moved from Encarnación c. 2019) SectorFinancial intermediation — consumer & SME lending EmployeesNot disclosed in available sources (est. 100–130 at peak, per rating agency data) Total assets (Dec 2021)Gs. 718,624m (~USD 118.8m) — last audited …
CRISOL Y ENCARNACIÓN FINANCIERA S.A.E.C.A. (CEFISA)
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July 9, 2026
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5 min read
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