Of the S/5,000 million that the State allocated to guarantee credits To micro, small and medium-sized businesses (MSMEs), a total of S/3,594 million has already been allocated to 25 companies in the financial system and 4 cooperatives. Thus, more than 61,000 businesses accessed financing for a total amount of S/1,407 million. This, within the framework […]
Tag: credits
Will interest rates on loans go down? This is what the BCRP says
In its last board meeting, the Central Reserve Bank of Peru (BCRP) reduced—for the second consecutive month— the interest rate reference by 25 basis points to 7.25%. However, the monetary authority specified that this decision does not imply a “cycle of successive reductions.” Will interest rates go down? Adrián Armas, central manager of Economic Studies […]
Until September, microfinance institutions placed 20% fewer loans than last year
At the end of the third quarter of 2023, the microfinance Peruvian companies have placed close to 20% fewer loans compared to the same period last year, due to various factors such as the climate emergency and the delays in social conflict and inflation in the first months of the year. This was revealed by […]
Myperú Impulse: medium-sized companies will also be able to access loans with low interest rates
The Council of Ministers approved this Monday, September 18, the emergency decree that expands the credit program Myperú Impulse in S/2,000 million, so that now the state guarantee for loans to companies amounts to S/5,000 million, announced the Prime Minister, Alberto Otárola, at a press conference. Meanwhile, the head of the Ministry of Economy and […]
Sunarp: until August, 105,800 Peruvians left their car as collateral to obtain a loan
The National Superintendency of Public Registries (Sunarp) reported that, between January and August 2023, a total of 105,800 people agreed to register movable guarantees in the Vehicle Ownership Registryin order to access credit. This number of guarantees is slightly higher than that registered in 2022, just 3.29% more than the 102,434 reported in the first […]
Banco de la Nación: 5 requirements to take out a loan in the entity
The third loan campaign is being developed by Banco de la Nación, which is available for contracted, appointed and pensioners workers in the public sector who have their income in accounts belonging to the financial institution. The amount offered is between S/300 to S/99,999 and are available until September 18. The process is carried out […]
Nuevo Reactiva Peru: who could access it and what would the initial amount be?
One of the most prominent announcements made by President Dina Boluarte during her message to the nation was the relaunch of Reactiva Perú, which aims to provide loans to companies with interest rates. Given this, The Republic consulted the head of the Ministry of Economy and Finance (MEF), Alex Contreras, what will be the characteristics […]
New bank loans in China fall in July and credit growth falls further
new bank loans China fell in July and other key indicators of the credit they also weakened, despite currency leaders cutting interest rates and pledging more support for the faltering economy. Chinese banks made 345.9 billion yuan ($47.8 billion) in new yuan loans in July, an 89% drop from June and the lowest level since […]
Mypes reject agreement signed by Produce for lack of key measures
Last Monday, the head of the Ministry of Production (Produce), Raúl Pérez Reyes, signed an act of commitment with a group of unions and natural persons, but this was not recognized by the National Front for the Defense of Mype (Fredemype). , since the document does not contain the main agreements agreed with the minister […]
MEF expects to reactivate some 140,000 mypes by the end of 2023
The Ministry of Economy and Finance (MEF) hopes to reactivate, through the delivery of loans with state guarantee of the Myperu Impulse Programto some 140,000 micro and small companies towards the end of 2023. The first results would be seen, precisely, “in the second and third quarters”, with the more than S/1,594 million assignments already […]