Mypes are the engine of the Peruvian economy and, therefore, it is not surprising that they cover 4 out of every 5 businesses in the field of suppliers to large value chains.
Approximately 50% of microenterprises in this sector operate without access to credit and those that can pay rates of 10% or more in a short horizon, maximum three years, according to the Es Hoy corporate movement.
Likewise, only 25% of small businesses use factoring – that is, the practice with which they “advance” a debt to be collected from a third party in exchange for immediate liquidity – and 84% work with one or two financial entities to have resources.
Despite their limited participation in the financial market, the majority managed to become suppliers to large companies in their first five years of operation and, with this, 59% seek to open more stores, expand geographically and adopt technologies, among others, in order to to generate its own offer to accentuate itself in the market; However, there is a “fear of risk” because consumption is weak.
It is worth adding that in 2023 private consumption closed at 0.1%—its lowest rate in more than two decades—and for the current period, the Central Reserve Bank of Peru (BCRP) points to a rebound of 2.7%.
Along these lines, Verónica Sifuentes, general manager of Es Hoy, maintains that through the ‘Mype Commitment’ they seek to redefine the ways in which medium and large companies relate to their mype suppliers.
“This makes them vulnerable to fluctuations in cash flow, leaving them without the ability to respond to emergencies. Furthermore, the lack of credit limits their ability to expand, improve infrastructure and acquire new technologies, which places them at a competitive disadvantage,” added the specialist.
To date, Sifuentes estimates that 40 companies already positively impact more than 37,000 mypes suppliers in their value chains.
And, according to the Es Hoy report, 9% of small suppliers had to reject an order due to lack of capacity and 12% lost sales due to not complying with audits or requirements of their clients. Sifuentes insists that the current scenario discourages mypes from investing to expand.
Source: Larepublica
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