Second auction of Impulso MYPERÚ and closed with rates of 12.21%

He Ministry of Economy and Finance (MEF) reported that the second credit auction of the Program to Promote Mypes – Impulso MYPERÚ closed with an assigned amount of S/400 million in guarantees, at an average rate of 12.21%.

This average rate of 12.21%, placed last Friday the 5th, was below the average interest rate of the financial system (SF), a system in which the rates for small businesses reached 23%, while microenterprises they had to settle for rates of 38%.

The first auction, held last Friday, April 28, by the Development Bank of Peru – Cofide, assigned an amount of S/440 million in guarantees, at an average rate of 10.81%.

On that occasion, the municipal savings banks obtained S/181.2 million (41% of the total) at an average rate of 11%. They were followed by Financial Companies, with S/111.5 million (25% of the total) at an average rate of 11.1%.

Impulso MYPERÚ allocates S/2,000 million to guarantee loans aimed at working capital, acquisition of fixed assets and/or debt consolidation. Loans are granted up to S/30,000 with 98% coverage, or from S/30,000 to S/90,000 with 90% coverage.

The loan term is up to 5 years. It includes a grace period of up to 12 months, during which time the micro or small company only pays interest, which allows for greater liquidity.

How do I access an Impulsa MYPERU credit?

• Mypes request credit from companies in the financial system (ESF) or Savings and Credit Cooperatives (COOPAC), within the framework of the Impulso MYPERU Program.
• The ESFs send the company’s credit application to COFIDE.
• COFIDE manages and verifies the credit request sent by the company to the ESF.
• The ESF or COOPAC accept the granting of credit after verifying compliance with the requirements.
• The credits must be issued to working capital, acquisition of fixed assets or debt consolidation.