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Cofide signs social agreement for more than US$ 31 million with BBVA to support Mypes

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The health crisis The economic crisis experienced in the last two years has shown the need to seek greater financing alternatives to promote economic growth in the most vulnerable sectors of the country.

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In this sense, the Development Bank of Peru, Cofideformalized a social credit line for US$ 31,500,000 with BBVA, an amount that will be used to provide financing to Mypes and promote the inclusion of vulnerable people in the financial system.

It is the first sustainable line that Cofide obtained from a local bank. This operation is aligned with the entity’s sustainable strategy and, in addition, is verified and certified by an independent and world-renowned sustainability agency: Vigeo Eiris.

“Cofide seeks to become a benchmark financial institution in the promotion of sustainable projects and initiatives that have a positive impact on the country. This first line obtained from a local bank is added to the green lines obtained from multilateral banks, and to the local thematic issues that we have carried out, which reinforces our sustainable strategy and our focus on the development of the Peruvian entrepreneurial sector”, said Luis Eléspuru , general manager of Cofide.

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Source: Larepublica

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