Factoring operations will exceed S/ 25,000 million during 2022

The Minister of Production, Jorge Luis Prado, reported that During January 2022, a total of 77,181 invoices were negotiated for more than S/ 1,891 million, which gave rise to the financing of 5,058 companies nationwide. This mechanism allows companies, especially micro and small businesses (mypes), to access working capital by obtaining instant cash in exchange for their invoices.

It should be noted that 84% of these companies (4,248) were mypes, which is reflected in an average ticket per invoice of S/ 24,000. These results demonstrate the strength and dynamism of the market for negotiable invoices in the country, in line with the economic recovery process after the impact caused by the COVID-19 pandemic, the entity said.

In addition, are added to the S / 22,300 million reached during 2021with a total of 908,030 negotiable invoices accumulated between January and December, 50% higher than that registered in the same period of the previous year.

Outlook for 2022

“In this perspective, it is estimated that by the end of 2022 more than one million invoices will be negotiated for a total of S/ 25,000 million, which will represent a 12% growth in the amount negotiated compared to 2021,” the minister said.

He added that, between 2023 and 2025, the market will continue to be dynamic and will reach more than four million negotiated invoices for an amount close to S/ 120,000 million.

To date, there are 60 specialized factoring companies not included in the scope of Law 26702 that are operating in the market for negotiable invoices, which serve 30% of the demand under this type of financing, according to CAVALI, the Central Registry of Securities and Settlements.

“For this year, it is planned to train more than 2,500 companies through virtual financial dissemination talks, to which will be added the organization of macro-regional financial fairs and talks with leading experts in financial matters, in coordination with entities in the field and chambers of commerce. at the national level”, concluded the minister.