Factoring would negotiate more than S/35,000 million in 2023

He factoringa mechanism that allows companies to obtain liquidity by transferring the collection of their invoice to credit, will set a new record in 2023 and will close the year with more than S/35,000 million in negotiated amountsfrom an initial bet of S/32,000 million planned by the Ministry of Production (Produce).

During the III National Factoring Congress, organized by Apefacthe director of Financial Instruments at Produce, Jorge Bustamante, revealed that, since its creation in 2015, the number of invoices negotiated has reached an average annual growth of 187%, translated into more than 3.7 million transactions.

In total, more than S/100 million have been negotiated, reaching 3.60% of GDP. Only in the first nine months of the year, factoring had a progress of 26.7% with 1 million 029,833 negotiable invoices (for an amount of S/26,988 million), compared to 812,604 in the similar period of 2022.

“As of October, we already have more than S/30,000 million. The final expectation for the year is more than S/35,000 million,” the official said.

Until September 2023, the services sector concentrated 32.3% of the amount of negotiable invoices (S/8.7 billion), followed by commerce, with 29% (S/7.8 billion). In contrast, the fishing and agricultural sectors presented the lowest amount of negotiable invoices, with S/28 million and S/445 million, respectively.

Bustamante explained that, in this period, 79.8% of the invoices negotiated came from the mypesa figure that reaches 17.9% if the amounts are taken into account.

Grow and formalize

At this point, Produce highlighted that the factoring tool has served to alleviate the “tortuous path” of micro and small entrepreneurs (99% of the Peruvian business fabric) towards medium-sized companies (0.5%).

In this regard, the director of the Financial System and Capital Markets of the MEF, Óscar Orcón, announced that the Peruvian Government will shorten the deadlines to reorganize the portfolio of the Crecer Fund, a guarantee program managed by Cofide that, originally, was not designed to consolidate debts. , but which will now go on to leverage credits in a scenario of recession and high rates in traditional banking.

Precisely, the reformulation of the Crecer Fund was presented a few months ago by the MEF as the third version of the Reactiva Perú plan. It will include cooperatives and MSMEs as final beneficiaries (SBS criteria), as long as their sales do not exceed 2,300 UIT.

“We have rearranged the regulations so that the Grow Background is governed by parameters of the financial system […]. It is much easier and more efficient for financial operators to catalog not by sales, like the traditional mechanism, but by debt capacity,” said Orcón.

Financing with electronic invoices

Law 31912, published in October, provides more resources for credits and guarantees for operations of the Crecer Fund, which include rescheduling, debt consolidation and debt purchases.

Sunat warned that the level of participation of mypes is on average 80%, which represents 30% of the total electronic issuers. However, at the level of amounts it only represents 25% of the universe.

The key

Earring. After a first version and thanks to the massification of invoices, Sunat is today in the middle of the process for the final proposal for the registration of purchases and sales.