Impulse Myperú: how can I access credits of up to S/90,000 with a State guarantee?

He Ministry of Economy and Finance (MEF) has implemented the Impulso Myperú Programwhich has S/2,000 million in guarantees to financial institutions and seeks to benefit 140,000 micro and small Peruvian companies affected by the current situation, with credits from S/30,000 to S/90,000.

In this line, in total it is estimated to place S/2,168 million for businessmen and a Good Payer Bonus. Review more details about the program and how to access the amounts.

Who is the Impulso Myperú program aimed at?

The program expects to benefit 35,630 (25%) of microenterprises and 104,230 (75%) of small businesses. Mypes that meet the following conditions can access:

• All micro and small companies in all productive sectors in all regions of the country
• Mypes must have a good credit history. That is, a “Normal” or “With Potential Problems” credit rating.
• Those companies that do not have a history or credit rating may also access, after a prior evaluation by the financial institution or the Savings and Credit Cooperative – Coopac.

How to access the program?

Entrepreneurs who are considering applying for credit must first decide the type of credit or need. They are three: working capital, acquisition of fixed assets or debt consolidation. After choosing an option, the person must follow the following steps:

• Approach any of the agencies of the 11 entities that have the agreement signed with Cofide and submit your application.

• The entities of the financial system (ESF) or the Savings and Credit Cooperatives Not Authorized to Capture Resources from the Public (Coopac) will evaluate the request.

• The ESF or Coopac will send the company’s credit request to COFIDE.

• Finally, after verifying that the requirements are met, the granting of the credit will be accepted.

Characteristics of the Impulso Myperú Program

The program Impulse Myperu has two sections. The first is for loans that reach S/30,000 (microenterprise), which will have 98% coverage. The second is for amounts between S/30,001 to S/90,000, which will be covered at 90%.

“The credit term can be up to five years, that is, the mypes will have up to 60 months to pay these loans under soft conditions,” reported Oscar Alberto Orcón Hinojosa, director of the Financial System and Capital Markets.

In addition, there will be a grace period of maximum 12 months. “This year (the mypes) are only going to pay the interest on this loan, which means an injection of immediate liquidity, precisely to boost economic recovery and so that they can allocate these resources to improve their businesses and have higher incomes,” he added.

Good Payer Bonus

This edition of Impulso Myperú has a Good Payer Bonus, which will reward the punctuality of the users in the payment of the credit. In addition, it will reduce the interest rate —which ranges between 5 and 7 points—, since will assign an amount equivalent to 15% of the credit or the last two installments.

What are the entities of the Financial System and Coopac that are part of it?

• Edpyme Credit Access