The objective of the project is to strengthen the balance sheet lending modality, through which the company directly receives capital from institutional investors such as family offices, investment funds, AFPs and insurance companies, through debt financing, to channel it directly to the entrepreneurs. This seeks greater scale and efficiency in the granting of loans, with the aim of reaching more SMEs with competitive interest rates, since the Peer to Peer funding model currently used by the company is always more expensive than institutional funding. Through financial inclusion, the company aims to help companies increase their sales, create more jobs and become formalized.

Project Detail

Country

Peru

Project Number

PE-L1271

Approval Date

March 11, 2022

Project Status

Closed

Project Type

Loan Operation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

SMALL AND MEDIUM ENTERPRISE

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 12,000,000.00

Country Counterpart Financing

USD 10,000,000.00

Original Amount Approved

USD 2,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
5503/MS-PE Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund MIF Financing
Operation Number 5503/MS-PE
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: MIF Financing

Can’t find a document? Request information

 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1437482245-4
Donors Memorandum
PE-L1271 Project Summary.pdf
Mar. 24, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-1437482245-5
Donors Memorandum
PE-L1271 Resumen del proyecto.pdf
Mar. 24, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-1437482245-3
Donors Memorandum
IDEATE 2022-01-21 Public Summary 1089 PE-L1271.pdf
Feb. 11, 2022
English

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