The Government enacted a law that promotes the formalization of micro, small and medium-sized enterprises (MSMEs) through the Grow Fund.
According to Daniel Hermoza, director of Mypes Unidas del Perú, the role of the Crecer Fund is added the task of supporting the financing of mypes within the framework of DU 013-2020, which is aimed at strengthening the funds of small enterprises.
“This measure undoubtedly adds an additional amount of money to the reactivation task that the Government as a whole must assume. We hope that the banking system reacts proactively and this fund arrives with really promotional interests in the framework of the serious economic crisis that we are experiencing”, he explained.
It is worth emphasizing that the law now recognizes that there are already programs to benefit mypes, but amounts equivalent to 10% of Reactive Peru and FAE-Mype, respectively, to serve MSMEs, considering, in addition, that the Crecer Fund does not include the beneficiaries of the Tu Empresa program of the Ministry of Production, which aims to formalize small entrepreneurs.
According to the norm, those companies referred to in the TOU of the Law for the Promotion of Productive Development and Business Growth (DS 013-2013 Produce) and its amendments will be accepted; the exporters referred to in DU 050-2002 and DS 171-2002-EF and, finally, those of Your Company, contemplated in DS 012-2017-PRODUCE, within the framework of viable financing alternatives of the DU 013-2020, which promotes the financing of MSMEs, entrepreneurship and startups.
“The regulations will define how Cofide will carry out the criteria to compete for the fund. Let’s hope they are flexible considering the crisis,” concluded Hermoza.