PE-M1086 : Improving Access to Finance for Peruvian Small Enterprises through Supplier Cr.

The small businesses in Peru often do not have the information and the level of formalization required to access financing from the formal financial system, this aspect is currently limiting their growth. The project will develop an innovative system that would be used as a new source of information that will facilitate access to credit to SMEs. The MIF participation on the project is key in order to test this innovative mechanism and evaluate and disseminate the results achieved. The project will develop a financing system (the TREFI solution) that aims to increase access to finance for Peruvian Small Enterprises (SEs) by using an innovative factoring scheme based on the risk of a highly diversified portfolio of accounts receivables from the medium and large companies that sell products to SEs. TREFI is a secure web-based system with open access for buyers, suppliers and financiers that enable collaboration between suppliers and financiers to optimize SEs risk measurement, management and financing.