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PE-L1271 : PRESTAMYPE: SME financing, inclusion and innovation innovation

Project Status: Implementation

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

Project Number
PE-L1271
Approval date
March 11, 2022
Project Country
Peru
Project Sector
PRIVATE FIRMS AND SME DEVELOPMENT
Project Subsector
SMALL AND MEDIUM ENTERPRISE
Project Type
Loan Operation
Project Lending Type
NSG
Project Modality
Project Facility Type
Project Status
Implementation
Operation Number
5503/MS-PE

Financial Information

Project Number
PE-L1271
Project Status
Implementation

IDB Financing

Financing type
MIF
Fund
MIF-Small Enterprise Investment Fund
Reporting currency
USD - United States Dollar
Reporting date
Oct/03/2023

Roles & Responsibilities

Contract signature date
Jul/14/2022

Project Information

Total Cost
USD 12,000,000
Country counterpart financing
USD 10,000,000
Amount
USD 2,000,000

Approved

Title
Type
Project Number
Date Published
Donors Memorandum
PE-L1271
March 24, 2022
Donors Memorandum
PE-L1271
March 24, 2022
Donors Memorandum
PE-L1271
February 11, 2022