As part of the actions to boost the tourism sector, which has been one of the hardest hit by the COVID-19 pandemic, the head of the Ministry of Foreign Trade and Tourism, Roberto Sánchez, reported that, to date, S / 215 million 360,099 have been assigned to various financial entities thanks to the FAE Tourism.
This amount will allow to continue supporting the reactivation of micro and small companies in the sector. In addition, he indicated that it is the result of 10 auctions that Cofide has organized during the period 2020 to 2021. This money has been assigned to municipal banks and savings and credit cooperatives throughout the country.
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“With these resources, financial entities provide, in the short term, more loans to micro and small businesses in the tourism sector affected by the pandemic. In this way, these businesses will have the opportunity to recover their flow of operations, improve their liquidity and safeguard jobs, ”Minister Sánchez reported.
About FAE-Tourism
It should be remembered that FAE-Tourism is a State initiative in which financial entities grant companies in the tourism sector loans up to S / 750,000, to be paid within a period of up to five years, and a grace period of up to 24 months is provided.
In addition, by means of a press release they reported that on December 29 the last auction of the year was held in which S / 24.7 million were awarded in guarantee fund to the municipal savings and credit banks of Maynas and Huancayo, as well as the rural savings and credit fund Raíz and the Abaco savings and credit cooperative.
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