Cofide: more than 60% of rural participants in savings and credit unions are women

Cofide: more than 60% of rural participants in savings and credit unions are women

The Development Finance Corporation (Cofide) reported that more than 60% of the participants in the Inclusive Program for Rural Personal Development (Prider) —whose purpose is to promote literacy and financial inclusion— It is made up of women, who also occupy a leadership position. ANDIn total, the program has reached 20,000 citizens and has had 1,500 credit unions within 14 regions of Peru.

“For more than 15 years, Cofide has been implementing this program, it is about credit and savings unions, they are associations of partners and partners at the level of rural communities,” said Brigitt Bencich, the first female president in 52 years that Cofide has. .

“It is an empowerment of women because leadership positions are assumed by them: more than 60% of these credit and savings unions are made up of women and what they do are productive developments for their communities”, she added during the Peru Women Leaders Summit (2023) event, “The business leaders of the Pacific Alliance”.

In this sense, Bencich highlighted that more than 67% of entrepreneurships —defined as the ability to manage and carry out projects transforming ideas into products— are also led by women. For this reason, the creation of financing lines focused on the female gender has been promoted.

“We have a capital fund for innovation entrepreneurs, with more than S/75 million, and when it comes to having an eligibility criteria We see how the governance of these funds is to be able to include the gender approach within our guidelines and objectivesBencich concluded.

Source: Larepublica

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