LAAP is Encore’s business unit that serves the Latin America and Asia-Pacific markets. In Latin America, LAAP owns non-performing loan portfolios in Colombia, Peru and Mexico. Collections in these countries are performed through third-party servicers. The non-performing loans that we own in Latin America primarily consist of consumer debt, small and medium enterprise (SME) debt and mortgage loans.

In India, we operate through the Encore Asset Reconstruction Company (EARC), which is a joint venture between Encore Capital Group, International Finance Corporation (IFC), a member of the World Bank Group, and ADV Partners, an Asian private equity fund. Encore ARC focuses on resolving micro, small and medium enterprises (MSME) and retail distressed debt. EARC is headquartered in Gurgaon, India.