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As I settled into my table at a small hotel in Huancayo, a sleepy town located approximately 200 kilometers south of Lima, Peru's capital, Magdalena, my very efficient waitress, rushed in to pour me a hot, freshly-brewed cup of coffee.
I'd been in Huancayo for a couple of days, cordially invited by the region's Caja to speak at the Federación de Cajas' annual meeting about the pros and cons behind private investment into microfinance institutions owned by municipalities - the Cajas play a key role in financially including Peru's poorest segments.
Since I was one of the few customers left in the breakfast room, I asked Magdalena, who looked in a hurry to complete that morning's service, how her day was. She told me that she needed to finish sharply by 10am, so she could then rush uptown and open her little store by the…